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South Korea vs Denmark
Tax Rate Comparison

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

๐Ÿ‡ฐ๐Ÿ‡ท South Korea
vs
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
6โ€“45%
Stable; political debate on top rate reduction
No change
~55.9%
Among world's highest; stable
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
Standard 10% maintained
No change
25%
No change; EU digital VAT rules expanding
No change
Corporate Tax Rate
Corporate Tax Rate
9โ€“24%
Competitiveness discussions vs global peers
No change
22%
Stable; defence spending debate may affect future rates
No change
Capital Gains Tax
Capital Gains Tax
0โ€“45%
Financial income taxation reform continuing
No change
27โ€“42%
Progressive rates maintained
No change
Social Security & Payroll
Social Security / Payroll
~18.5%
Contribution rates stable; pension reform discussion
No change
~8%
Labour market contributions stable
No change
State, Regional & Local Taxes

๐Ÿ‡ฐ๐Ÿ‡ท South Korea โ€” 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.

๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark โ€” Municipal Income Tax

Denmark's 98 municipalities set local income tax (kommuneskat) at ~22.8%โ€“27.8%. The national state tax adds 15% (top bracket). Combined rates including AM contribution (8% of gross) make Denmark one of the world's highest-tax nations at ~55โ€“56% effective top. Church tax (~0.7%) applies to members. Property value tax is nationally set.

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

South Korea vs Denmark: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark has a higher top income tax rate (6โ€“45% vs ~55.9%). ๐Ÿ‡ฐ๐Ÿ‡ท South Korea is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Denmark has a higher consumption tax (10% vs 25%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark offers a lower corporate rate (22% vs 24%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark taxes investment gains at a lower rate (42% vs 45%), benefiting investors.

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