Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
72,725 원
Income Tax
- 902 원
Local Tax
- 90.22 원
National Pension
- 3,273 원
National Health Insurance
- 2,854 원
Employment Insurance
- 655 원
Total tax
- 7,773 원
Net pay
* 64,952 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
64,952 원
Net pay
13,908 원
Tax the employer pays
7,773 원
Tax you pay
Total tax paid
21,681 원
Did you know your employer also pays tax on your salary? It costs the employer 13,908 원 to pay you 72,725 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 1,745,400 원 a year living in South Korea, you will be taxed 186,559 원. That means that your net pay will be 1,558,841 원 per year, or 129,903 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 1745408
0.0%
1
Germany
KRW 1745406
0.0%
2
Austria
KRW 1745406
0.0%
3
Ireland
KRW 1745406
0.0%
4
Sweden
KRW 1745400
0.0%
5
Norway
KRW 1745401
0.0%
6
Spain
KRW 1634564
6.4%
7
Switzerland
KRW 1588441
9.0%
8
Italy
KRW 1585007
9.2%
9
France
KRW 1576107
9.7%
10
Czech Republic
KRW 1553406
11.0%
11
Luxembourg
KRW 1552532
11.1%
12
Russia
KRW 1518498
13.0%
13
Hungary
KRW 1422501
18.5%
14
Ukraine
KRW 1405047
19.5%
15
Poland
KRW 1370556
21.5%
16
Greece
KRW 1364041
21.9%
17
Portugal
KRW 1299451
25.6%
18
Finland
KRW 1208683
30.8%
19
Belgium
KRW 1186874
32.0%
20
Netherlands
KRW 1098111
37.1%
21
Denmark
KRW 1089088
37.6%
22
Romania
KRW 1021059
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1642490
5.9%
1
USA
KRW 1594237
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1745397
0.0%
1
Singapore
KRW 1745395
0.0%
2
Hong Kong
KRW 1745401
0.0%
3
Pakistan
KRW 1730221
0.9%
4
Thailand
KRW 1658130
5.0%
5
Philippines
KRW 1615307
7.5%
6
Indonesia
KRW 1598400
8.4%
7
Taiwan
KRW 1590915
8.9%
8
South Korea
KRW 1558841
10.7%
9
New Zealand
KRW 1537872
11.9%
10
India
KRW 1535952
12.0%
11
Malaysia
KRW 1532424
12.2%
12
China
KRW 1515269
13.2%
13
Vietnam
KRW 1484026
15.0%
14
Japan
KRW 1418287
18.7%
15
Kazakhstan
KRW 1382357
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1703947
2.4%
1
Brazil
KRW 1614494
7.5%
2
Puerto Rico
KRW 1606639
8.0%
3
Colombia
KRW 1605768
8.0%
4
Ecuador
KRW 1580455
9.5%
5
Guatemala
KRW 1578042
9.6%
6
Costa Rica
KRW 1562133
10.5%
7
Panama
KRW 1553405
11.0%
8
Peru
KRW 1527225
12.5%
9
Argentina
KRW 1448682
17.0%
10
Chile
KRW 1438210
17.6%
11
Uruguay
KRW 1429483
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1727946
1.0%
1
Zambia
KRW 1640676
6.0%
2
Morocco
KRW 1627760
6.7%
3
Ivory Coast
KRW 1565324
10.3%
4
Uganda
KRW 1561625
10.5%
5
Kenya
KRW 1524784
12.6%
6
Senegal
KRW 1507868
13.6%
7
Cameroon
KRW 1472629
15.6%
8
Mozambique
KRW 1465674
16.0%
9
Ghana
KRW 1450916
16.9%
10
Angola
KRW 1372025
21.4%
11
Nigeria
KRW 1328084
23.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1745402
0.0%
1
United Arab Emirates
KRW 1658128
5.0%
2
Qatar
KRW 1658129
5.0%
3
Bahrain
KRW 1605770
8.0%
4
Oman
KRW 1605753
8.0%
5
Kuwait
KRW 1553420
11.0%
6
Israel
KRW 1515881
13.2%
7
Lebanon
KRW 1503360
13.9%
8
Egypt
KRW 1459455
16.4%
9
Turkey
KRW 1448579
17.0%
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.