Effective tax rates for expenditure based tax incentives - Corporate in Korea
Korea: Effective tax rates for expenditure based tax incentives - Corporate was -2.81 Percentage of taxable income in 2025. ◆ Volatile
Effective tax rates for expenditure based tax incentives - Corporate in Korea, 2019–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Korea recorded -2.81 Percentage of taxable income for effective tax rates for expenditure based tax incentives - corporate in 2025.
That represents a change of down 1.4% on the previous year and down 119.2% over ten years.
Effective tax rates for expenditure based tax incentives - Corporate in Korea, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2019 | 14.67 Percentage of taxable income | — |
| 2020 | -1.84 Percentage of taxable income | -112.5% |
| 2021 | -2.03 Percentage of taxable income | +10.3% |
| 2022 | -2.92 Percentage of taxable income | +43.8% |
| 2023 | -3.95 Percentage of taxable income | +35.3% |
| 2024 | -2.77 Percentage of taxable income | -29.9% |
| 2025 | -2.81 Percentage of taxable income | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.67 Percentage of taxable income | 14.67 Percentage of taxable income | 14.67 Percentage of taxable income | 1 |
| 2020s | -2.72 Percentage of taxable income | -3.95 Percentage of taxable income | -1.84 Percentage of taxable income | 6 |
Countries ranked near Korea
- 1 Colombia 0 Percentage of taxable income compare
- 1 Costa Rica 0 Percentage of taxable income
- 1 Israel 0 Percentage of taxable income
- 1 Latvia 0 Percentage of taxable income
- 1 Luxembourg 0 Percentage of taxable income
- 1 Switzerland 0 Percentage of taxable income
- 1 Türkiye -2.64 Percentage of taxable income compare
- 1 Argentina 0 Percentage of taxable income
- 1 Bulgaria 0 Percentage of taxable income
- 1 India 0 Percentage of taxable income
- 1 Indonesia 0 Percentage of taxable income
- 1 Malta 0 Percentage of taxable income
- 2 Viet Nam -7.8 Percentage of taxable income compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is effective tax rates for expenditure based tax incentives - corporate in Korea?
- Effective tax rates for expenditure based tax incentives - corporate in Korea was -2.81 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates for expenditure based tax incentives - corporate recorded in Korea?
- The highest recorded value was 14.67 Percentage of taxable income in 2019.
- What is the lowest effective tax rates for expenditure based tax incentives - corporate recorded in Korea?
- The lowest recorded value was -3.95 Percentage of taxable income in 2023.
- How does Korea rank for effective tax rates for expenditure based tax incentives - corporate?
- Korea ranks 1st out of 3 groups with data for 2025.
- Is effective tax rates for expenditure based tax incentives - corporate rising or falling in Korea?
- Over the last ten years it is down 119.2%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates for expenditure based tax incentives - Corporate tax statistics — Implicit subsidy (EATR). Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators that capture the effect of expenditure-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.