India vs Korea: Effective tax rates for income based tax incentives - Corporate tax
Effective tax rates for income based tax incentives - Corporate tax over time
- India
- Korea
How they compare
India currently reports 41.83 Percentage of taxable income against 17.46 Percentage of taxable income in Korea, a difference of 24.37 Percentage of taxable income.
That makes India's figure about 2.4 times Korea's.
Across all 8 years both countries report, India has been ahead every year.
India ranks 1st and Korea ranks 3rd of 41 countries.
India has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | India | Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 38.91 Percentage of taxable income | 21.82 Percentage of taxable income | 17.09 Percentage of taxable income | India |
| 2010s | 38.47 Percentage of taxable income | 18.33 Percentage of taxable income | 20.14 Percentage of taxable income | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher effective tax rates for income based tax incentives - corporate tax, India or Korea?
- India, at 41.83 Percentage of taxable income against 17.46 Percentage of taxable income in Korea as of 2016.
- What is the difference in effective tax rates for income based tax incentives - corporate tax between India and Korea?
- 24.37 Percentage of taxable income, with India ahead.
- How many years of comparable data are there for India and Korea?
- 8 years are reported by both, from 2006 to 2013.
- How do India and Korea rank globally for effective tax rates for income based tax incentives - corporate tax?
- India ranks 1st and Korea ranks 3rd of 41 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Effective tax rates for income based tax incentives - Corporate tax statistics — Effective average tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This table reports synthetic tax policy indicators that capture the effect of income-based R&D tax incentives on firms’ investment costs: The EATR for R&D measures the impact of taxation on R&D investments that earn an economic profit. the user cost of capital for R&D measures the return that a firm needs to realise on an R&D investment before tax to offset all costs and taxes that arise from the investment, making zero economic profit. Further methodological information is available in the explanatory annex.