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South Korea vs Equatorial Guinea
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‡ฌ๐Ÿ‡ถ Equatorial Guinea
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
0โ€“35%
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
Standard 10% maintained
No change
15%
No change
Corporate Tax Rate
Corporate Tax Rate
9โ€“24%
Competitiveness discussions vs global peers
No change
35%
No change
Capital Gains Tax
Capital Gains Tax
0โ€“45%
Financial income taxation reform continuing
No change
Taxed as income
No change
Social Security & Payroll
Social Security / Payroll
~18.5%
Contribution rates stable; pension reform discussion
No change
4.5% + 21.5%
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‡ฌ๐Ÿ‡ถ Equatorial Guinea โ€” Equatorial Guinea Tax System

Equatorial Guinea has progressive income tax up to 35%. VAT is 15%. The country became sub-Saharan Africa's third-largest oil producer after 1995 oil discoveries, making it one of the wealthiest by GDP per capita โ€” but extreme inequality means most citizens remain poor. The Obiang family has ruled since 1979. Oil revenue is declining; diversification efforts continue.

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 Equatorial Guinea: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea has a higher top income tax rate (6โ€“45% vs 0โ€“35%). ๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Equatorial Guinea has a higher consumption tax (10% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea offers a lower corporate rate (24% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea taxes investment gains at a lower rate (35% vs 45%), benefiting investors.

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