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South Korea vs Italy Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
South Korea49.5%
Italy43%Lower
Corporate Tax
South Korea25%Lower
Italy27.9%
Capital Gains
South Korea22%Lower
Italy26%
VAT / Sales Tax
South Korea10%Lower
Italy22%
| Category | South Korea | Italy |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 49.5% | 43% |
| Corporate Tax | 25% | 27.9% |
| Capital Gains | 22% | 26% |
| VAT / Sales Tax | 10% | 22% |
| Crypto Tax | Yes | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 93 | 100 |
| Currency | KRW | EUR |
The bottom line: South Korea vs Italy
South Korea has the lower headline rate on 3 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. South Korea runs a progressive tax system, while Italy uses a progressive one. Italy has the wider tax-treaty network (100 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Italy is lower (49.5% vs 43%)
- Corporate tax: South Korea is lower (25% vs 27.9%)
- Capital gains tax: South Korea is lower (22% vs 26%)
- VAT / sales tax: South Korea is lower (10% vs 22%)