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Chile vs South Korea
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡± Chile
vs
πŸ‡°πŸ‡· South Korea
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–40%
Rates stable; Boric administration reforms settling
No change
6–45%
Stable; political debate on top rate reduction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
19%
19% flat; no change
No change
10%
Standard 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
27%
Large corp 27% stable; Pillar Two for MNCs
No change
9–24%
Competitiveness discussions vs global peers
No change
Capital Gains Tax
Capital Gains Tax
0–22%
No major reform expected
No change
0–45%
Financial income taxation reform continuing
No change
Social Security & Payroll
Social Security / Payroll
~35%
Pension reform adding 6% employer contribution gradually
No change
~18.5%
Contribution rates stable; pension reform discussion
No change
State, Regional & Local Taxes

πŸ‡¨πŸ‡± Chile β€” Municipal & Regional Taxes

Chile's 16 regions and 346 municipalities do not levy separate income taxes. Municipalities charge patente municipal (business licence fee) based on capital, typically 0.25%–0.5% of net equity/year, capped at ~$8,000 USD. Property tax (contribuciones de bienes raΓ­ces) is national in structure but rates vary 0.075%–1.2% by property type. The SII (tax authority) is national. The Royalty Minero (mining royalty) is a significant revenue source in copper-producing regions.

πŸ‡°πŸ‡· South Korea β€” Local Income Tax & Resident Tax

South Korea's 17 metropolitan/provincial governments levy local income tax at 10% of national income tax. Property holding tax (Jongbu-se) is a national progressive tax on higher-value properties. Local education taxes and acquisition taxes apply to property transfers. Seoul has higher effective rates due to property values.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Chile vs South Korea: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡°πŸ‡· South Korea has a higher top income tax rate (0–40% vs 6–45%). πŸ‡¨πŸ‡± Chile is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Chile has a higher consumption tax (19% vs 10%).

🏒 Corporate Tax: πŸ‡°πŸ‡· South Korea offers a lower corporate rate (24% vs 27%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡± Chile taxes investment gains at a lower rate (22% vs 45%), benefiting investors.

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