Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
483,600 원
Income Tax
- 5,999 원
Local Tax
- 600 원
National Pension
- 21,762 원
National Health Insurance
- 18,976 원
Employment Insurance
- 4,352 원
Total tax
- 51,690 원
Net pay
* 431,910 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
The Taxberg
431,910 원
Net pay
92,484 원
Tax the employer pays
51,690 원
Tax you pay
Total tax paid
144,174 원
Did you know your employer also pays tax on your salary? It costs the employer 92,484 원 to pay you 483,600 원. In other words, every time you spend 10 원 of your hard-earned money, 2.98 원 goes to the government.
Real tax rate
25.0%
So, with you and the employer both paying tax, what used to be a 10.7% tax rate now rises to 25.0%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
Summary
If you make 483,600 원 a year living in South Korea, you will be taxed 51,690 원. That means that your net pay will be 431,910 원 per year, or 35,992 원 per month. Your average tax rate is 10.7% and your marginal tax rate is 10.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 원 in your salary will be taxed 10.69 원, hence, your net pay will only increase by 89.31 원.
Bonus Example
A 1,000 원 bonus will generate an extra 893 원 of net incomes. A 5,000 원 bonus will generate an extra 4,466 원 of net incomes.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 483605
0.0%
1
Germany
KRW 483605
0.0%
2
Austria
KRW 483605
0.0%
3
Ireland
KRW 483605
0.0%
4
Sweden
KRW 483600
0.0%
5
Norway
KRW 483600
0.0%
6
Spain
KRW 452895
6.4%
7
Italy
KRW 439164
9.2%
8
France
KRW 436695
9.7%
9
Czech Republic
KRW 430404
11.0%
10
Luxembourg
KRW 430159
11.1%
11
Russia
KRW 420732
13.0%
12
Switzerland
KRW 412286
14.8%
13
Hungary
KRW 394134
18.5%
14
Ukraine
KRW 389298
19.5%
15
Poland
KRW 379742
21.5%
16
Greece
KRW 377939
21.9%
17
Portugal
KRW 360034
25.6%
18
Finland
KRW 334889
30.8%
19
Belgium
KRW 328845
32.0%
20
Netherlands
KRW 303745
37.2%
21
Romania
KRW 282908
41.5%
22
Denmark
KRW 202006
58.2%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 475962
1.6%
1
USA
KRW 441724
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 472115
2.4%
1
Brazil
KRW 447331
7.5%
2
Puerto Rico
KRW 445159
8.0%
3
Colombia
KRW 444912
8.0%
4
Ecuador
KRW 437895
9.5%
5
Guatemala
KRW 437229
9.6%
6
Costa Rica
KRW 432822
10.5%
7
Panama
KRW 430403
11.0%
8
Peru
KRW 423151
12.5%
9
Argentina
KRW 401388
17.0%
10
Chile
KRW 398486
17.6%
11
Uruguay
KRW 396068
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 478764
1.0%
1
Uganda
KRW 459045
5.1%
2
Zambia
KRW 454584
6.0%
3
Morocco
KRW 451006
6.7%
4
Ghana
KRW 447554
7.5%
5
Ivory Coast
KRW 447330
7.5%
6
Senegal
KRW 439954
9.0%
7
Kenya
KRW 425428
12.0%
8
Mozambique
KRW 408915
15.4%
9
Cameroon
KRW 408023
15.6%
10
Nigeria
KRW 394819
18.4%
11
Angola
KRW 391722
19.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 483600
0.0%
1
United Arab Emirates
KRW 459418
5.0%
2
Qatar
KRW 459421
5.0%
3
Egypt
KRW 451173
6.7%
4
Bahrain
KRW 444914
8.0%
5
Oman
KRW 444913
8.0%
6
Lebanon
KRW 434610
10.1%
7
Kuwait
KRW 430401
11.0%
8
Israel
KRW 420005
13.2%
9
Turkey
KRW 407390
15.8%
10
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NOTE* Withholding is calculated based on the tables of South Korea, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.