Bolivia vs South Korea
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π§π΄ Bolivia β Departmental & Municipal Taxes
Bolivia's 9 departments and 339 municipalities have their own tax powers. Municipalities levy the Impuesto a la Propiedad de Bienes Inmuebles (IPBI) on real property and the Impuesto Municipal a las Transferencias (IMT) on property transfers. Departmental governments receive shares of natural resource royalties. The National Tax Service (SIN) administers national taxes. Bolivia has a unique tax system where there is no personal income tax in the traditional sense β instead, the RC-IVA (complementary VAT) effectively taxes income.
π°π· South Korea β 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.
Bolivia vs South Korea: Key Tax Differences (2026)
π° Income Tax: π°π· South Korea has a higher top income tax rate (13% vs 6β45%). π§π΄ Bolivia is more favourable for high earners.
π VAT/Sales Tax: Bolivia has a higher consumption tax (13% vs 10%).
π’ Corporate Tax: π°π· South Korea offers a lower corporate rate (24% vs 25%), which can influence business location decisions.
π Capital Gains: π§π΄ Bolivia taxes investment gains at a lower rate (25% vs 45%), benefiting investors.