Korea - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Korea was 159,465,000,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 160,331,000,000,000 in 2018 and a minimum value of 159,000,000,000 in 1972.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 159,000,000,000 |
| 1973 | 174,000,000,000 |
| 1974 | 276,000,000,000 |
| 1975 | 344,000,000,000 |
| 1976 | 602,000,000,000 |
| 1977 | 736,000,000,000 |
| 1978 | 1,043,000,000,000 |
| 1979 | 1,381,000,000,000 |
| 1980 | 1,504,000,000,000 |
| 1981 | 1,958,000,000,000 |
| 1982 | 2,357,000,000,000 |
| 1983 | 2,609,000,000,000 |
| 1984 | 2,867,000,000,000 |
| 1985 | 3,474,000,000,000 |
| 1986 | 3,969,000,000,000 |
| 1987 | 5,295,000,000,000 |
| 1988 | 6,844,000,000,000 |
| 1989 | 8,864,000,000,000 |
| 1990 | 10,643,000,000,000 |
| 1991 | 11,235,000,000,000 |
| 1992 | 14,071,000,000,000 |
| 1993 | 15,647,000,000,000 |
| 1994 | 18,652,000,000,000 |
| 1995 | 22,309,000,000,000 |
| 1996 | 24,137,000,000,000 |
| 1997 | 24,292,000,000,000 |
| 1998 | 27,974,900,000,000 |
| 1999 | 25,220,000,000,000 |
| 2000 | 35,387,400,000,000 |
| 2001 | 35,638,000,000,000 |
| 2002 | 38,403,600,000,000 |
| 2003 | 46,420,000,000,000 |
| 2004 | 48,112,300,000,000 |
| 2005 | 54,456,000,000,000 |
| 2006 | 60,366,500,000,000 |
| 2007 | 74,273,300,000,000 |
| 2008 | 75,509,600,000,000 |
| 2009 | 69,674,700,000,000 |
| 2010 | 74,730,100,000,000 |
| 2011 | 87,160,500,000,000 |
| 2012 | 94,326,100,000,000 |
| 2013 | 94,338,300,000,000 |
| 2014 | 99,138,700,000,000 |
| 2015 | 108,950,000,000,000 |
| 2016 | 123,347,000,000,000 |
| 2017 | 137,386,000,000,000 |
| 2018 | 160,331,000,000,000 |
| 2019 | 159,465,000,000,000 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Korea was 29.38 as of 2019. Its highest value over the past 47 years was 34.76 in 1989, while its lowest value was 22.16 in 1975.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 27.56 |
| 1973 | 25.78 |
| 1974 | 26.90 |
| 1975 | 22.16 |
| 1976 | 26.02 |
| 1977 | 25.05 |
| 1978 | 25.54 |
| 1979 | 25.69 |
| 1980 | 22.32 |
| 1981 | 22.94 |
| 1982 | 23.87 |
| 1983 | 22.85 |
| 1984 | 22.92 |
| 1985 | 25.29 |
| 1986 | 25.25 |
| 1987 | 28.61 |
| 1988 | 30.34 |
| 1989 | 34.76 |
| 1990 | 33.97 |
| 1991 | 31.25 |
| 1992 | 32.82 |
| 1993 | 31.40 |
| 1994 | 31.23 |
| 1995 | 31.48 |
| 1996 | 29.09 |
| 1997 | 26.77 |
| 1998 | 29.34 |
| 1999 | 23.79 |
| 2000 | 26.28 |
| 2001 | 25.12 |
| 2002 | 24.71 |
| 2003 | 27.60 |
| 2004 | 27.45 |
| 2005 | 28.88 |
| 2006 | 29.29 |
| 2007 | 31.47 |
| 2008 | 30.62 |
| 2009 | 28.38 |
| 2010 | 28.12 |
| 2011 | 30.33 |
| 2012 | 24.49 |
| 2013 | 24.04 |
| 2014 | 24.92 |
| 2015 | 26.20 |
| 2016 | 27.21 |
| 2017 | 28.34 |
| 2018 | 30.42 |
| 2019 | 29.38 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Korea was 54.52 as of 2019. Its highest value over the past 47 years was 54.52 in 2019, while its lowest value was 24.69 in 1975.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 33.40 |
| 1973 | 30.05 |
| 1974 | 30.16 |
| 1975 | 24.69 |
| 1976 | 28.76 |
| 1977 | 27.98 |
| 1978 | 28.49 |
| 1979 | 28.90 |
| 1980 | 25.82 |
| 1981 | 26.90 |
| 1982 | 28.00 |
| 1983 | 25.89 |
| 1984 | 26.25 |
| 1985 | 29.20 |
| 1986 | 29.11 |
| 1987 | 32.33 |
| 1988 | 35.05 |
| 1989 | 41.65 |
| 1990 | 39.55 |
| 1991 | 36.96 |
| 1992 | 39.82 |
| 1993 | 39.72 |
| 1994 | 39.47 |
| 1995 | 39.29 |
| 1996 | 37.16 |
| 1997 | 34.74 |
| 1998 | 41.26 |
| 1999 | 33.33 |
| 2000 | 38.08 |
| 2001 | 37.20 |
| 2002 | 36.94 |
| 2003 | 40.48 |
| 2004 | 40.84 |
| 2005 | 42.72 |
| 2006 | 43.73 |
| 2007 | 46.00 |
| 2008 | 45.13 |
| 2009 | 42.34 |
| 2010 | 42.05 |
| 2011 | 45.31 |
| 2012 | 46.53 |
| 2013 | 46.12 |
| 2014 | 47.90 |
| 2015 | 49.94 |
| 2016 | 50.68 |
| 2017 | 51.64 |
| 2018 | 54.37 |
| 2019 | 54.52 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
