Vanuatu vs South Korea
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ป๐บ Vanuatu โ Vanuatu Tax System
Vanuatu has no income tax, no capital gains tax, no inheritance tax, and no withholding tax โ one of the world's most tax-free jurisdictions. Revenue comes from VAT at 15% and import duties. The Vanuatu Development Support Programme (VDSP) citizenship by investment programme is very popular. Port Vila is a growing offshore financial centre.
๐ฐ๐ท 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.
Vanuatu vs South Korea: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฐ๐ท South Korea has a higher top income tax rate (0% vs 6โ45%). ๐ป๐บ Vanuatu is more favourable for high earners.
๐ VAT/Sales Tax: Vanuatu has a higher consumption tax (15% vs 10%).
๐ข Corporate Tax: ๐ป๐บ Vanuatu offers a lower corporate rate (0% vs 24%), which can influence business location decisions.
๐ Capital Gains: ๐ป๐บ Vanuatu taxes investment gains at a lower rate (0% vs 45%), benefiting investors.