WorldTax Compare← All Comparisons

Sao Tome and Principe vs South Korea
Tax Rate Comparison

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

πŸ‡ΈπŸ‡Ή Sao Tome and Principe
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
0–25%
No change
6–45%
Stable; political debate on top rate reduction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
No change
10%
Standard 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25%
No change
9–24%
Competitiveness discussions vs global peers
No change
Capital Gains Tax
Capital Gains Tax
Taxed as income
No change
0–45%
Financial income taxation reform continuing
No change
Social Security & Payroll
Social Security / Payroll
7% + 8%
No change
~18.5%
Contribution rates stable; pension reform discussion
No change
State, Regional & Local Taxes

πŸ‡ΈπŸ‡Ή Sao Tome and Principe β€” Sao Tome & Principe Tax System

Sao Tome and Principe is a small island nation in the Gulf of Guinea with progressive income tax up to 25%. IVA (VAT) is 15%. The economy has long been dominated by cocoa exports and foreign aid. Offshore oil potential (Joint Development Zone with Nigeria) has not yet materialized in significant production. The country joined the EITI (Extractive Industries Transparency Initiative).

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.

Sao Tome and Principe vs South Korea: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡°πŸ‡· South Korea has a higher top income tax rate (0–25% vs 6–45%). πŸ‡ΈπŸ‡Ή Sao Tome and Principe is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Sao Tome and Principe has a higher consumption tax (15% vs 10%).

🏒 Corporate Tax: πŸ‡°πŸ‡· South Korea offers a lower corporate rate (24% vs 25%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡ΈπŸ‡Ή Sao Tome and Principe taxes investment gains at a lower rate (25% vs 45%), benefiting investors.

Related Comparisons

πŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡¦πŸ‡« AfghanistanTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡¦πŸ‡¬ Antigua and BarbudaTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡§πŸ‡― BeninTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡§πŸ‡« Burkina FasoTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡¨πŸ‡» Cape VerdeTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡¨πŸ‡« Central African RepublicTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡ΉπŸ‡© ChadTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡°πŸ‡² ComorosTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡©πŸ‡― DjiboutiTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡©πŸ‡² DominicaTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡¬πŸ‡Ά Equatorial GuineaTax comparisonπŸ‡ΈπŸ‡Ή Sao Tome and Principe vs πŸ‡ͺπŸ‡· EritreaTax comparison