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Zimbabwe vs South Korea
Tax Rate Comparison

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

๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe
vs
๐Ÿ‡ฐ๐Ÿ‡ท South Korea
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
0โ€“41%
Post-hyperinflation normalization continuing
No change
6โ€“45%
Stable; political debate on top rate reduction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
15% standard
No change
10%
Standard 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
24.72%
CIT 24% + 3% AIDS levy
No change
9โ€“24%
Competitiveness discussions vs global peers
No change
Capital Gains Tax
Capital Gains Tax
20%
20% on shares
No change
0โ€“45%
Financial income taxation reform continuing
No change
Social Security & Payroll
Social Security / Payroll
~10%
NSSA reform; adequacy very limited
No change
~18.5%
Contribution rates stable; pension reform discussion
No change
State, Regional & Local Taxes

๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe โ€” Local Authority Taxes

Zimbabwe's 10 provinces and urban/rural councils levy local government taxes including rates on immovable property (based on improved or site value), council fees, and local levies for services. Harare, Bulawayo, and other urban councils have the highest property rate tariffs. The Zimbabwe Revenue Authority (ZIMRA) administers national taxes. Zimbabwe has experienced hyperinflation (2007โ€“2009 destroyed the ZWD; ZWL introduced 2019; ZiG introduced 2024). Tax collection is complicated by currency instability and dollarization.

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.

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.

Zimbabwe vs South Korea: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea has a higher top income tax rate (0โ€“41% vs 6โ€“45%). ๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe is more favourable for high earners.

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

๐Ÿข Corporate Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea offers a lower corporate rate (24% vs 24.72%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe taxes investment gains at a lower rate (20% vs 45%), benefiting investors.

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