Effective tax rates for income based tax incentives - Corporate tax in Korea
Korea: Effective tax rates for income based tax incentives - Corporate tax was 17.46 Percentage of taxable income in 2013. ▼ Falling
Effective tax rates for income based tax incentives - Corporate tax in Korea, 2006–2013
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Korea recorded 17.46 Percentage of taxable income for effective tax rates for income based tax incentives - corporate tax in 2013. That is the lowest value across all 8 years on record.
That represents a change of down 20.0% over ten years.
Effective tax rates for income based tax incentives - Corporate tax in Korea, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2006 | 21.82 Percentage of taxable income | — |
| 2007 | 21.82 Percentage of taxable income | +0.0% |
| 2008 | 21.82 Percentage of taxable income | +0.0% |
| 2009 | 21.82 Percentage of taxable income | +0.0% |
| 2010 | 19.2 Percentage of taxable income | -12.0% |
| 2011 | 19.2 Percentage of taxable income | +0.0% |
| 2012 | 17.46 Percentage of taxable income | -9.1% |
| 2013 | 17.46 Percentage of taxable income | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.82 Percentage of taxable income | 21.82 Percentage of taxable income | 21.82 Percentage of taxable income | 4 |
| 2010s | 18.33 Percentage of taxable income | 17.46 Percentage of taxable income | 19.2 Percentage of taxable income | 4 |
Countries ranked near Korea
- 1 India 41.83 Percentage of taxable income compare
- 2 United States of America 33.96 Percentage of taxable income compare
- 3 Belgium 31.4 Percentage of taxable income
- 4 Colombia 30.55 Percentage of taxable income compare
- 4 Argentina 30.55 Percentage of taxable income
- 4 Malta 30.55 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 income based tax incentives - corporate tax in Korea?
- Effective tax rates for income based tax incentives - corporate tax in Korea was 17.46 Percentage of taxable income in 2013, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates for income based tax incentives - corporate tax recorded in Korea?
- The highest recorded value was 21.82 Percentage of taxable income in 2006.
- What is the lowest effective tax rates for income based tax incentives - corporate tax recorded in Korea?
- The lowest recorded value was 17.46 Percentage of taxable income in 2012.
- How does Korea rank for effective tax rates for income based tax incentives - corporate tax?
- Korea ranks 3rd out of 3 groups with data for 2013.
- Is effective tax rates for income based tax incentives - corporate tax rising or falling in Korea?
- Over the last ten years it is down 20.0%. The long-run trend across the full record is falling.
- 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 income based tax incentives - Corporate tax statistics — Effective average tax rate. 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 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.