Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
66,875 원
Income Tax
- 830 원
Local Tax
- 82.96 원
National Pension
- 3,009 원
National Health Insurance
- 2,624 원
Employment Insurance
- 602 원
Total tax
- 7,148 원
Net pay
* 59,727 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
59,727 원
Net pay
12,789 원
Tax the employer pays
7,148 원
Tax you pay
Total tax paid
19,937 원
Did you know your employer also pays tax on your salary? It costs the employer 12,789 원 to pay you 66,875 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.
People also ask
66,875 원 yearly is how much per hour?
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Summary
If you make 66,875 원 a year living in South Korea, you will be taxed 7,148 원. That means that your net pay will be 59,727 원 per year, or 4,977 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.
Tax per income
66,500 원
67,000 원
67,500 원
68,000 원
68,500 원
69,000 원
69,500 원
70,000 원
70,500 원
71,000 원
71,500 원
72,000 원
72,500 원
73,000 원
73,500 원
74,000 원
74,500 원
75,000 원
75,500 원
76,000 원
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 66879
0.0%
1
Germany
KRW 66879
0.0%
2
Austria
KRW 66879
0.0%
3
Ireland
KRW 66879
0.0%
4
Sweden
KRW 66875
0.0%
5
Norway
KRW 66875
0.0%
6
Spain
KRW 62631
6.4%
7
Italy
KRW 60746
9.2%
8
France
KRW 60402
9.7%
9
Czech Republic
KRW 59519
11.0%
10
Luxembourg
KRW 59490
11.1%
11
Russia
KRW 58181
13.0%
12
Hungary
KRW 54503
18.5%
13
Ukraine
KRW 53835
19.5%
14
Poland
KRW 52512
21.5%
15
Greece
KRW 52265
21.8%
16
Portugal
KRW 49782
25.6%
17
Finland
KRW 46311
30.8%
18
Belgium
KRW 45474
32.0%
19
Netherlands
KRW 41360
38.2%
20
Romania
KRW 39122
41.5%
21
Switzerland
KRW 23510
64.9%
22
Denmark
KRW 0
100.0%
23
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 65287
2.4%
1
Brazil
KRW 61860
7.5%
2
Puerto Rico
KRW 61547
8.0%
3
Colombia
KRW 61525
8.0%
4
Ecuador
KRW 60561
9.5%
5
Guatemala
KRW 60463
9.6%
6
Costa Rica
KRW 59853
10.5%
7
Panama
KRW 59522
11.0%
8
Peru
KRW 58516
12.5%
9
Argentina
KRW 55506
17.0%
10
Chile
KRW 55105
17.6%
11
Uruguay
KRW 54770
18.1%
12
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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.