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Data

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South Korea

Total Tax Rate (Business and Personal)

29.38
profits
Source: IMF

Global Ranking

42
Netherlands30.83
43
Singapore30.25
44
Barbados29.98
45
Jamaica29.6
46
Gabon29.4
47
South Korea29.38
48
Peru29.07
49
Lebanon28.83
50
Uganda28.61
51
Trinidad and Tobago28.5
52
Botswana28.29

Asia Ranking

4
Philippines37.13
5
Japan35.02
6
Thailand31.68
7
Kazakhstan30.86
8
Singapore30.25
9
South Korea29.38
10
Bangladesh25.17
11
Bhutan22.74
12
Sri Lanka22.52
13
Nepal21.06
14
China20.11

Definition of Total Tax Rate (Business and Personal)

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.

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