Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
666,666 원
Income Tax
- 8,270 원
Local Tax
- 827 원
National Pension
- 30,000 원
National Health Insurance
- 26,160 원
Employment Insurance
- 6,000 원
Total tax
- 71,257 원
Net pay
* 595,409 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
595,409 원
Net pay
127,493 원
Tax the employer pays
71,257 원
Tax you pay
Total tax paid
198,751 원
Did you know your employer also pays tax on your salary? It costs the employer 127,493 원 to pay you 666,666 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 666,666 원 a year living in South Korea, you will be taxed 71,257 원. That means that your net pay will be 595,409 원 per year, or 49,617 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 666661
0.0%
1
Germany
KRW 666666
0.0%
2
Austria
KRW 666666
0.0%
3
Ireland
KRW 666666
0.0%
4
Sweden
KRW 666666
0.0%
5
Norway
KRW 666666
0.0%
6
Spain
KRW 624334
6.4%
7
Italy
KRW 605396
9.2%
8
France
KRW 602001
9.7%
9
Czech Republic
KRW 593333
11.0%
10
Luxembourg
KRW 592996
11.1%
11
Switzerland
KRW 583316
12.5%
12
Russia
KRW 579999
13.0%
13
Hungary
KRW 543333
18.5%
14
Ukraine
KRW 536666
19.5%
15
Poland
KRW 523493
21.5%
16
Greece
KRW 521001
21.9%
17
Portugal
KRW 496335
25.6%
18
Finland
KRW 461661
30.8%
19
Belgium
KRW 453329
32.0%
20
Netherlands
KRW 418506
37.2%
21
Romania
KRW 390000
41.5%
22
Denmark
KRW 353827
46.9%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 656131
1.6%
1
USA
KRW 608923
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 666666
0.0%
1
Singapore
KRW 666663
0.0%
2
Hong Kong
KRW 666666
0.0%
3
Pakistan
KRW 651487
2.3%
4
Thailand
KRW 633333
5.0%
5
Indonesia
KRW 607999
8.8%
6
Taiwan
KRW 607660
8.9%
7
South Korea
KRW 595409
10.7%
8
Philippines
KRW 588760
11.7%
9
New Zealand
KRW 587401
11.9%
10
India
KRW 586666
12.0%
11
Malaysia
KRW 584386
12.3%
12
China
KRW 578765
13.2%
13
Vietnam
KRW 566833
15.0%
14
Japan
KRW 541723
18.7%
15
Kazakhstan
KRW 527999
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 650833
2.4%
1
Brazil
KRW 616666
7.5%
2
Puerto Rico
KRW 613667
8.0%
3
Colombia
KRW 613333
8.0%
4
Ecuador
KRW 603672
9.5%
5
Guatemala
KRW 602742
9.6%
6
Costa Rica
KRW 596666
10.5%
7
Panama
KRW 593336
11.0%
8
Peru
KRW 583332
12.5%
9
Argentina
KRW 553333
17.0%
10
Chile
KRW 549333
17.6%
11
Uruguay
KRW 545999
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 659999
1.0%
1
Uganda
KRW 631380
5.3%
2
Zambia
KRW 626666
6.0%
3
Morocco
KRW 621733
6.7%
4
Ivory Coast
KRW 616666
7.5%
5
Senegal
KRW 607276
8.9%
6
Ghana
KRW 602657
9.6%
7
Kenya
KRW 590188
11.5%
8
Mozambique
KRW 568182
14.8%
9
Cameroon
KRW 562479
15.6%
10
Nigeria
KRW 537001
19.5%
11
Angola
KRW 535755
19.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 666666
0.0%
1
United Arab Emirates
KRW 633332
5.0%
2
Qatar
KRW 633331
5.0%
3
Bahrain
KRW 613349
8.0%
4
Oman
KRW 613328
8.0%
5
Lebanon
KRW 595615
10.7%
6
Kuwait
KRW 593319
11.0%
7
Egypt
KRW 591515
11.3%
8
Israel
KRW 578999
13.2%
9
Turkey
KRW 561606
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.