Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
76,700 원
Income Tax
- 952 원
Local Tax
- 95.15 원
National Pension
- 3,452 원
National Health Insurance
- 3,010 원
Employment Insurance
- 690 원
Total tax
- 8,198 원
Net pay
* 68,502 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
68,502 원
Net pay
14,668 원
Tax the employer pays
8,198 원
Tax you pay
Total tax paid
22,866 원
Did you know your employer also pays tax on your salary? It costs the employer 14,668 원 to pay you 76,700 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 76,700 원 a year living in South Korea, you will be taxed 8,198 원. That means that your net pay will be 68,502 원 per year, or 5,708 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.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 76699
0.0%
1
Germany
KRW 76707
0.0%
2
Austria
KRW 76707
0.0%
3
Ireland
KRW 76707
0.0%
4
Sweden
KRW 76700
0.0%
5
Norway
KRW 76701
0.0%
6
Spain
KRW 71830
6.4%
7
Italy
KRW 69661
9.2%
8
France
KRW 69257
9.7%
9
Czech Republic
KRW 68263
11.0%
10
Luxembourg
KRW 68225
11.1%
11
Russia
KRW 66729
13.0%
12
Hungary
KRW 62510
18.5%
13
Ukraine
KRW 61743
19.5%
14
Poland
KRW 60228
21.5%
15
Greece
KRW 59953
21.8%
16
Portugal
KRW 57096
25.6%
17
Finland
KRW 53117
30.8%
18
Belgium
KRW 52160
32.0%
19
Netherlands
KRW 47613
37.9%
20
Romania
KRW 44870
41.5%
21
Switzerland
KRW 32346
57.8%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 75484
1.6%
1
USA
KRW 70050
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 76700
0.0%
1
Singapore
KRW 76702
0.0%
2
Hong Kong
KRW 76699
0.0%
3
Thailand
KRW 72865
5.0%
4
Indonesia
KRW 69950
8.8%
5
Taiwan
KRW 69911
8.9%
6
South Korea
KRW 68502
10.7%
7
New Zealand
KRW 67578
11.9%
8
India
KRW 67501
12.0%
9
China
KRW 66587
13.2%
10
Vietnam
KRW 65214
15.0%
11
Malaysia
KRW 63052
17.8%
12
Japan
KRW 62325
18.7%
13
Pakistan
KRW 61521
19.8%
14
Kazakhstan
KRW 60746
20.8%
15
Philippines
KRW 31404
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 74878
2.4%
1
Brazil
KRW 70947
7.5%
2
Puerto Rico
KRW 70599
8.0%
3
Colombia
KRW 70564
8.0%
4
Ecuador
KRW 69458
9.5%
5
Guatemala
KRW 69346
9.6%
6
Costa Rica
KRW 68647
10.5%
7
Panama
KRW 68266
11.0%
8
Peru
KRW 67111
12.5%
9
Argentina
KRW 63661
17.0%
10
Chile
KRW 63201
17.6%
11
Uruguay
KRW 62817
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 75933
1.0%
1
Angola
KRW 74228
3.2%
2
Uganda
KRW 72865
5.0%
3
Ghana
KRW 72482
5.5%
4
Zambia
KRW 72098
6.0%
5
Morocco
KRW 71531
6.7%
6
Ivory Coast
KRW 70948
7.5%
7
Senegal
KRW 68047
11.3%
8
Cameroon
KRW 64713
15.6%
9
Nigeria
KRW 63841
16.8%
10
Mozambique
KRW 54912
28.4%
11
Kenya
KRW 30912
59.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 76700
0.0%
1
Saudi Arabia
KRW 76701
0.0%
2
United Arab Emirates
KRW 72864
5.0%
3
Qatar
KRW 72865
5.0%
4
Lebanon
KRW 71331
7.0%
5
Bahrain
KRW 70548
8.0%
6
Oman
KRW 70569
8.0%
7
Kuwait
KRW 68245
11.0%
8
Israel
KRW 66615
13.2%
9
Turkey
KRW 64613
15.8%
10
Show more
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.