Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
5,481 원
Income Tax
- 68 원
Local Tax
- 6.80 원
National Pension
- 247 원
National Health Insurance
- 215 원
Employment Insurance
- 49.33 원
Total tax
- 586 원
Net pay
* 4,895 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
4,895 원
Net pay
1,048 원
Tax the employer pays
586 원
Tax you pay
Total tax paid
1,634 원
Did you know your employer also pays tax on your salary? It costs the employer 1,048 원 to pay you 5,481 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 1,425,060 원 a year living in South Korea, you will be taxed 152,319 원. That means that your net pay will be 1,272,741 원 per year, or 106,062 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 1425057
0.0%
1
Germany
KRW 1425057
0.0%
2
Austria
KRW 1425057
0.0%
3
Ireland
KRW 1425057
0.0%
4
Sweden
KRW 1425059
0.0%
5
Norway
KRW 1425060
0.0%
6
Spain
KRW 1334573
6.4%
7
Italy
KRW 1294096
9.2%
8
Switzerland
KRW 1288728
9.6%
9
France
KRW 1286826
9.7%
10
Czech Republic
KRW 1268303
11.0%
11
Luxembourg
KRW 1267590
11.1%
12
Russia
KRW 1239802
13.0%
13
Hungary
KRW 1161424
18.5%
14
Ukraine
KRW 1147173
19.5%
15
Poland
KRW 1119011
21.5%
16
Greece
KRW 1113698
21.9%
17
Portugal
KRW 1060954
25.6%
18
Finland
KRW 986850
30.8%
19
Belgium
KRW 969035
32.0%
20
Netherlands
KRW 896292
37.1%
21
Denmark
KRW 873577
38.7%
22
Romania
KRW 833663
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1359946
4.6%
1
USA
KRW 1301636
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1425056
0.0%
1
Singapore
KRW 1425059
0.0%
2
Hong Kong
KRW 1425060
0.0%
3
Pakistan
KRW 1409881
1.1%
4
Thailand
KRW 1353807
5.0%
5
Philippines
KRW 1310365
8.1%
6
Indonesia
KRW 1303427
8.5%
7
Taiwan
KRW 1298928
8.9%
8
South Korea
KRW 1272741
10.7%
9
New Zealand
KRW 1255623
11.9%
10
India
KRW 1254053
12.0%
11
Malaysia
KRW 1250159
12.3%
12
China
KRW 1237166
13.2%
13
Vietnam
KRW 1211657
15.0%
14
Japan
KRW 1157984
18.7%
15
Kazakhstan
KRW 1128648
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1391215
2.4%
1
Brazil
KRW 1318180
7.5%
2
Puerto Rico
KRW 1311772
8.0%
3
Colombia
KRW 1311055
8.0%
4
Ecuador
KRW 1290388
9.5%
5
Guatemala
KRW 1288419
9.6%
6
Costa Rica
KRW 1275429
10.5%
7
Panama
KRW 1268307
11.0%
8
Peru
KRW 1246928
12.5%
9
Argentina
KRW 1182800
17.0%
10
Chile
KRW 1174249
17.6%
11
Uruguay
KRW 1167124
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1410810
1.0%
1
Zambia
KRW 1339556
6.0%
2
Morocco
KRW 1329011
6.7%
3
Uganda
KRW 1312874
7.9%
4
Ivory Coast
KRW 1290845
9.4%
5
Senegal
KRW 1250519
12.3%
6
Kenya
KRW 1244166
12.7%
7
Mozambique
KRW 1202995
15.6%
8
Cameroon
KRW 1202352
15.6%
9
Ghana
KRW 1201170
15.7%
10
Angola
KRW 1125472
21.0%
11
Nigeria
KRW 1099859
22.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1425059
0.0%
1
United Arab Emirates
KRW 1353805
5.0%
2
Qatar
KRW 1353806
5.0%
3
Bahrain
KRW 1311065
8.0%
4
Oman
KRW 1311046
8.0%
5
Kuwait
KRW 1268303
11.0%
6
Lebanon
KRW 1239909
13.0%
7
Israel
KRW 1237663
13.2%
8
Egypt
KRW 1214890
14.8%
9
Turkey
KRW 1193873
16.2%
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.