Basic corporate taxes in South Korea (2025 basis)

Basic taxes for Korean companies (2025 basis) Basic taxes that Korean corporate companies need to know (2025 basis)： national tax：VAT:Tax rate 10%, declared every quarter，The specific time is：1/25, 4/25, 7/25, 10/25. -Corporate tax (corporate income tax) - Net profit is less than 200 million won：10% of net profit - net profit exceeds 200 million won： 2KRW 100 million：10% of net profit。

Over 200 million won，20% of net profit。 – Net profit exceeded 20 billion won，The tax rate is 22%。 2KRW 100 million：10% of net profit； More than 200 million and less than 20 billion：20% of net profit exceeds 20 billion won：22% of net profit before March 31 of each year，The company needs to prepare financial statements and submit them to the tax bureau，Declare and pay corporate tax。

Companies established more than one year ago，Prepay corporate tax before August 31 each year。

-local tax： 10% of corporate tax Information to be provided by the customer： 1) Sell/Buy- Paper VAT invoice, Paper general invoice，Corporate credit card details(If there is any non-company purpose，Need to record)，Import and export documents，tax invoice，Simple invoice (amount less than 30,000 won), etc. 2) Bank statement (including foreign exchange passbook) – Please provide the excel file (or screenshot) downloaded from the bank website。

– If there is any non-company purpose，Please mark。 3) Company changes： If there is a change of address，Change of shareholders, etc.，Please submit documents。

1. If a domestic company has business dealings with a Korean company，If a Korean company is investigated，Will it have any impact on domestic companies? Won't。It is recommended that Korean company names and Chinese company names should not be similar.。 Want to know more about Korean tax policies，Can be sent to email。

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