MAX Logo
South Korea flag

South Korea

Taxes On Goods And Services

19.9
percent of total revenue
Source: IMF
116
Russia22.16
117
Germany21.01
118
Niger20.94
119
Namibia20.92
120
Guinea20.48
122
Kazakhstan19.63
123
Australia19.45
124
San Marino19.28
125
Brazil19.04
13
Mongolia30.91
16
Bhutan24.21
17
Russia22.16
19
Kazakhstan19.63
20
Malaysia18.23
21
Singapore18.11
22
Azerbaijan18.05
23
Japan14.45

Definition of Taxes On Goods And Services

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Related Indicators