Bangladesh 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.
๐ง๐ฉ Bangladesh โ Local Government & Municipal Taxes
Bangladesh's 8 divisions, 64 districts, and 492 upazilas have limited tax powers. City corporations (like Dhaka, Chittagong) levy holding tax (property tax) on buildings at rates set by each corporation. Union Parishads collect land development taxes. The National Board of Revenue (NBR) administers income, VAT, and customs nationally. The garment sector (RMG) is a dominant export industry with special fiscal treatment. Bangladesh graduated from LDC status in 2026 with implications for trade preferences and tax policy.
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.
Bangladesh vs South Korea: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฐ๐ท South Korea has a higher top income tax rate (0โ30% vs 6โ45%). ๐ง๐ฉ Bangladesh is more favourable for high earners.
๐ VAT/Sales Tax: Bangladesh has a higher consumption tax (15% vs 10%).
๐ข Corporate Tax: ๐ฐ๐ท South Korea offers a lower corporate rate (24% vs 45%), which can influence business location decisions.
๐ Capital Gains: ๐ง๐ฉ Bangladesh taxes investment gains at a lower rate (15% vs 45%), benefiting investors.