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Cameroon vs South Korea
Tax Rate Comparison

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

๐Ÿ‡จ๐Ÿ‡ฒ Cameroon
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
10โ€“35%
CEMAC harmonization; rates stable
No change
6โ€“45%
Stable; political debate on top rate reduction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
19.25%
TVA maintained
No change
10%
Standard 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
33%
33%; oil sector declining, diversification needed
No change
9โ€“24%
Competitiveness discussions vs global peers
No change
Capital Gains Tax
Capital Gains Tax
16.5%
As income
No change
0โ€“45%
Financial income taxation reform continuing
No change
Social Security & Payroll
Social Security / Payroll
~21.175%
CNPS reform for long-term sustainability
No change
~18.5%
Contribution rates stable; pension reform discussion
No change
State, Regional & Local Taxes

๐Ÿ‡จ๐Ÿ‡ฒ Cameroon โ€” Regional & Council Taxes

Cameroon's 10 regions and 360 councils levy local taxes including the patente (business licence), property tax (centimes additionnels on land), and council rates. The Directorate General of Taxes (DGI) administers national taxes. Cameroon is part of the CEMAC (Central African Economic and Monetary Community) customs union and shares the CFA franc with 5 other nations. The oil sector provides significant government revenue, though reserves are declining. An e-tax platform has been progressively expanding compliance.

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.

Cameroon vs South Korea: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea has a higher top income tax rate (10โ€“35% vs 6โ€“45%). ๐Ÿ‡จ๐Ÿ‡ฒ Cameroon is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Cameroon has a higher consumption tax (19.25% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฐ๐Ÿ‡ท South Korea offers a lower corporate rate (24% vs 33%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡จ๐Ÿ‡ฒ Cameroon taxes investment gains at a lower rate (16.5% vs 45%), benefiting investors.

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