TAXATION


TAX RATE
TWO Alternative Tax Rate
Progressive Tax Rate vs Flat Tax Rate
Items Progressive Tax Rate Flat Tax Rate
Taxpayer Local Individuals or Expatriates Expatriates ONLY
Tax Rate 6 - 42% 19%(Fixed)
Deduction Applied Not Applied
Tax Return Applied Not Applied

- A resident surtax, which is 10 percent of the taxable income tax is assessed.
- All residents(Korean and Foreign) pay a resident surtax
INCOME TAX TABLE
Monthly salary Annual Salary Tax rate Annual Tax payment  Monthly Tax payment 
[USD] [KRW] [KRW] [%] [KRW]  [KRW]
3,000 3,180,000 38,160,000 4.80 1,833,570  152,790
4,000 4,240,000 50,880,000 7.01 3,569,070 297,420
5,000 5,300,000 63,600,000 8.88 5,645,990 470,490
6,000 6,360,000 76,320,000 11.39 8,693,140 724,420
7,000 7,420,000 89,040,000 12.99 11,564,300 963,690
8,000 8,480,000 101,760,000 14.20 14,448,000 1,204,000
9,000 9,540,000 114,480,000 16.15 18,492,340 1,541,020
10,000 10,600,000 127,200,000 17.93 22,811,670 1,900,970
11,000 11,660,000 139,920,000 19.39 27,131,000 2,260,910
12,000 12,720,000 152,640,000 20.60 31,450,330 2,620,860
13,000 13,780,000 165,360,000 21.63 35,769,660 2,980,800

[Exchange rate: 1 USD= 1,060 KRW]
Ulsan Office
96, Munhyeon-ro, Dong-gu, Ulsan, Korea (44105)
T +82(0)52.209.2134  F +82(0)52.235.2134
taxpro33@airtax.kr

Geoje Office
23-1,Okposeongan-ro, Geoje-si, Gyeongsangnam-do, Korea (53233)
T +82(0)55.687.0234  F +82(0)55.687.1162
geoje@airtax.kr