The tax on goods and services in the Republic of Korea - knoema.com

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World Data Atlas Topics Economy Tax on Goods and Services

Tax on goods and services of Republic of Korea fell gradually from 41.85 % in 1972 to 18.68 % in 2021.

The tax on goods and services in the Republic of Korea
Current Prices Local Currency	117,699.5B current LCU in 2021	WB
Share of Value Added	6.34 % in 2021	WB

The tax on goods and services in Asia
Armenia	52.48 % in 2021	WB
Georgia	52.07 % in 2021	WB
Sri Lanka	43.93 % in 2021	WB
Bangladesh	43.22 % in 2021	WB
Nepal	39.27 % in 2021	WB
Tajikistan	38.52 % in 2021	WB
China	31.23 % in 2021	WB
Mongolia	30.94 % in 2021	WB
Kazakhstan	26.76 % in 2021	WB
Azerbaijan	18.99 % in 2021	WB

Government finance in the Republic of Korea
Budget Deficit	-16,068.23B current LCU in 2021	WB
Debt	48.96 % in 2021	WB
Government Expenditure	634,277.78B current LCU in 2021	WB
Government Revenue	29.93 % in 2021	WB

Government Finance Government revenue in the Republic of Korea
Social Contributions	26.83 % in 2021	WB
Grants and Other Revenue	17.91 % in 2021	WB
Tax Revenue	16.73 % in 2021	WB
Customs	2.49 % in 2021	WB

Government Finance Government Revenue The tax revenue of the Republic of Korea
Tax on Income, Profits and Capital Gains	30.4 % in 2021	WB
Other Taxes	4.8 % in 2021	WB
Taxes on International Trade	1.38 % in 2021	WB

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