Tax Guideline
Guidelines of corporation tax and personal income tax
    Branch Subsidiary
1. Corporation tax
A. Corporate tax rates  First 100,000,000 : 13%
Balance : 25%
Same as Branch
The following surtax is also applied:
Resident tax: 10% on corporation tax
B. Scope of taxation Korean source income World-wide income
C. Head office expense Allocable portion can be deducted N/A
2. Individual Income Tax
Income tax rates  8% - 35% Same as Branch
The following surtax is also applied for a resident:
Resident tax: 10% on income tax
3. Tax incentives
In both cases above, Hi-tech industries is tax exempted for foreign investment in Korea based on technological service promotion policy and technology inducement policy under the Tax Reduction Restriction Law
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  • Invest Korea
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service