Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
21,667 원
Income Tax
- 1,571 원
Local Tax
- 157 원
National Pension
- 975 원
National Health Insurance
- 850 원
Employment Insurance
- 195 원
Total tax
- 3,748 원
Net pay
* 17,919 원
Marginal tax rate
22.7%
Average tax rate
17.3%
82.7%
Net pay
17.3%
Total tax
Total tax
Net pay
The Taxberg
17,919 원
Net pay
4,144 원
Tax the employer pays
3,748 원
Tax you pay
Total tax paid
7,891 원
Did you know your employer also pays tax on your salary? It costs the employer 4,144 원 to pay you 21,667 원. In other words, every time you spend 10 원 of your hard-earned money, 3.64 원 goes to the government.
Real tax rate
30.6%
So, with you and the employer both paying tax, what used to be a 17.3% tax rate now rises to 30.6%, meaning your real tax rate is actually 13.3% higher than what it seemed at first.
Summary
If you make 45,067,360 원 a year living in South Korea, you will be taxed 7,795,529 원. That means that your net pay will be 37,271,831 원 per year, or 3,105,986 원 per month. Your average tax rate is 17.3% and your marginal tax rate is 22.7%. 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 22.67 원, hence, your net pay will only increase by 77.33 원.
Bonus Example
A 1,000 원 bonus will generate an extra 773 원 of net incomes. A 5,000 원 bonus will generate an extra 3,867 원 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Switzerland
KRW 39845082
11.6%
1
Russia
KRW 39208603
13.0%
2
Ireland
KRW 38375560
14.9%
3
United Kingdom
KRW 37630174
16.5%
4
France
KRW 37619353
16.5%
5
Hungary
KRW 36729898
18.5%
6
Ukraine
KRW 36279225
19.5%
7
Norway
KRW 35653865
20.9%
8
Luxembourg
KRW 35374965
21.5%
9
Czech Republic
KRW 35168211
22.0%
10
Spain
KRW 34762255
22.9%
11
Austria
KRW 34052000
24.4%
12
Sweden
KRW 32015605
29.0%
13
Greece
KRW 31606197
29.9%
14
Germany
KRW 31022864
31.2%
15
Poland
KRW 30528211
32.3%
16
Denmark
KRW 30317964
32.7%
17
Italy
KRW 30250009
32.9%
18
Finland
KRW 29200348
35.2%
19
Netherlands
KRW 28360868
37.1%
20
Portugal
KRW 27948375
38.0%
21
Romania
KRW 26364407
41.5%
22
Belgium
KRW 24415217
45.8%
23
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North America
Country 
Net pay
Average tax
Rank
USA
KRW 36687387
18.6%
1
Canada
KRW 33310011
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
KRW 41975096
6.9%
1
Taiwan
KRW 40111428
11.0%
2
Thailand
KRW 38988825
13.5%
3
Australia
KRW 38299984
15.0%
4
South Korea
KRW 37271831
17.3%
5
New Zealand
KRW 36763842
18.4%
6
Kazakhstan
KRW 36136819
19.8%
7
Indonesia
KRW 35532780
21.2%
8
Singapore
KRW 35269494
21.7%
9
Pakistan
KRW 35186700
21.9%
10
Japan
KRW 34698075
23.0%
11
Malaysia
KRW 34370185
23.7%
12
Philippines
KRW 33454495
25.8%
13
Vietnam
KRW 32133113
28.7%
14
China
KRW 30253315
32.9%
15
India
KRW 28851114
36.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
KRW 40746076
9.6%
1
Puerto Rico
KRW 39312521
12.8%
2
Costa Rica
KRW 39144337
13.1%
3
Ecuador
KRW 37916946
15.9%
4
Panama
KRW 36413043
19.2%
5
Colombia
KRW 36258370
19.6%
6
Chile
KRW 35927953
20.3%
7
Peru
KRW 34275864
24.0%
8
Mexico
KRW 34273666
24.0%
9
Brazil
KRW 33462766
25.8%
10
Uruguay
KRW 32479810
27.9%
11
Argentina
KRW 29284004
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 34646626
23.1%
1
Angola
KRW 33029867
26.7%
2
Mozambique
KRW 32400089
28.1%
3
Kenya
KRW 32258826
28.4%
4
Ghana
KRW 31213058
30.7%
5
Ivory Coast
KRW 30901913
31.4%
6
Nigeria
KRW 30829388
31.6%
7
Morocco
KRW 30484218
32.4%
8
Uganda
KRW 29706726
34.1%
9
Cameroon
KRW 29170334
35.3%
10
Senegal
KRW 28647091
36.4%
11
Zambia
KRW 28126582
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 42813992
5.0%
1
Qatar
KRW 42813990
5.0%
2
Bahrain
KRW 41461963
8.0%
3
Oman
KRW 41461962
8.0%
4
Saudi Arabia
KRW 40560623
10.0%
5
Kuwait
KRW 40109941
11.0%
6
Israel
KRW 37273008
17.3%
7
Egypt
KRW 34188622
24.1%
8
Lebanon
KRW 34066306
24.4%
9
Turkey
KRW 26516829
41.2%
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.