Korea, Rep.—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #43 of 137Updated April 2026
Latest Value
30.0%
2023
YoY Change
-11.5%
2022 → 2023
Global Rank
#43
of 137 countries
Maximum
33.9%
2022
Minimum
24.0%
2013
CAGR
+0.6%
24 years
Last
30.0%
Previous
33.9%
Highest
33.9%
Lowest
24.0%
Source
World Bank World Development Indicators
Korea, Rep.'s taxes on income, profits & capital gains (% of rev) was 30.0% in 2023, ranking #43 out of 137 countries. This represents a -11.5% change from 2022. Over the past 24 years, the highest recorded value was 33.9% (2022) and the lowest was 24.0% (2013). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 30.0% | -11.5% |
| 2022 | 33.9% | +11.4% |
| 2021 | 30.4% | +8.4% |
| 2020 | 28.1% | -4.5% |
| 2019 | 29.4% | -3.4% |
| 2018 | 30.4% | +7.3% |
| 2017 | 28.3% | +4.2% |
| 2016 | 27.2% | +3.8% |
| 2015 | 26.2% | +5.2% |
| 2014 | 24.9% | +3.6% |
| 2013 | 24.0% | -1.8% |
| 2012 | 24.5% | -19.2% |
| 2011 | 30.3% | +7.9% |
| 2010 | 28.1% | -0.9% |
| 2009 | 28.4% | -7.3% |
| 2008 | 30.6% | -2.7% |
| 2007 | 31.5% | +7.4% |
| 2006 | 29.3% | +1.4% |
| 2005 | 28.9% | +5.2% |
| 2004 | 27.5% | -0.5% |
| 2003 | 27.6% | +11.7% |
| 2002 | 24.7% | -1.7% |
| 2001 | 25.1% | -4.4% |
| 2000 | 26.3% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).