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Local Compliance InformationVentures & Start-upsOthers Tax Rates
1. Rates of Corporate Income tax
|
Tax Base / Year |
FY 2009 |
FY2010 ~FY2011 |
FY2012 ~ |
|
Less than 200 Million |
11 % |
10% |
10 % |
|
Over 200 Million |
22 % |
22% |
20% ( Over 20 Billion : 22 % ) |
l Resident Tax : 10% of Corporate Income Tax
2. Rates of Personal Income tax ( Effective from Jan 1st 2012 )
|
Tax base ( KRW Million ) |
Rates ( % ) |
Progressive Deduction ( KRW Million) |
|
Less than 12 |
6 |
|
|
Over 12 ~ 46 |
15 |
1.08 |
|
Over 46 ~ 88 |
24 |
5.22 |
|
Over 88 ~ 300 |
35 |
14.90 |
|
Over 300 ~ |
38 |
23.90 |
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