Ghana 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 Ghana β District Assembly Taxes
Ghana's 261 district assemblies levy property rates, basic rates (on adults), entertainment tax, and business operating levies. The Ghana Revenue Authority (GRA) administers national taxes. A key local levy is the Development Levy. Accra Metropolitan Assembly and Kumasi Metropolitan Assembly have the highest property rates. Ghana has faced significant fiscal challenges including a 2023 IMF bailout. An e-levy (1.5% on electronic transfers) was introduced in 2022, controversially, and later modified.
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.
Ghana vs South Korea: Key Tax Differences (2026)
π° Income Tax: π°π· South Korea has a higher top income tax rate (0β35% vs 6β45%). π¬π Ghana is more favourable for high earners.
π VAT/Sales Tax: Ghana has a higher consumption tax (15% 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 Ghana taxes investment gains at a lower rate (25% vs 45%), benefiting investors.