🇰🇷 Tax Brackets2026 Tax Year
🇰🇷 South Korea Tax Brackets 2026
Federal income tax brackets, social contributions, and deductions for South Korea — updated for the 2026 tax year. Calculate Your South Korea Take-Home Pay.
Key Takeaways
- 18 progressive tax brackets ranging from 6% to 45%
- 2Standard Deduction: ₩1,500,000
- 34 social contribution(s) for employees
Federal Income Tax Brackets (Single Filer)
| Income Range | Rate |
|---|---|
| ₩0 – ₩14,000,000 | 6% |
| ₩14,000,000 – ₩50,000,000 | 15% |
| ₩50,000,000 – ₩88,000,000 | 24% |
| ₩88,000,000 – ₩150,000,000 | 35% |
| ₩150,000,000 – ₩300,000,000 | 38% |
| ₩300,000,000 – ₩500,000,000 | 40% |
| ₩500,000,000 – ₩1,000,000,000 | 42% |
| ₩1,000,000,000 – ∞ | 45% |
Deductions & Allowances
Standard Deduction: ₩1,500,000
Local income tax = 10% of national income tax.
Frequently Asked Questions
What are the South Korea income tax brackets for 2026?
South Korea uses a progressive income tax system with 8 brackets in 2026. The lowest rate is 6% and the highest marginal rate is 45%.
What is the top income tax rate in South Korea?
The top marginal income tax rate in South Korea for 2026 is 45%. This rate applies to taxable income above ₩1,000,000,000.
Does South Korea have social security contributions?
Yes, South Korea has 4 social contribution(s): National Pension (NPS) (4.8% employee rate), Health Insurance (3.6% employee rate), Long-term Care (0.5% employee rate), Employment Insurance (0.9% employee rate).
Social Contributions