Mauritania 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.
๐ฒ๐ท Mauritania โ Mauritania Tax System
Mauritania has progressive income tax up to 40%. TVA is 16%. The economy is transitioning with new offshore gas production (Grand Tortue Ahmeyim LNG, launched 2024) set to significantly boost government revenues. Iron ore and fisheries are established export sectors. The DGI administers taxation. A 2022 amnesty for offshore assets repatriation was offered.
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.
Mauritania vs South Korea: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฐ๐ท South Korea has a higher top income tax rate (0โ40% vs 6โ45%). ๐ฒ๐ท Mauritania is more favourable for high earners.
๐ VAT/Sales Tax: Mauritania has a higher consumption tax (16% vs 10%).
๐ข Corporate Tax: ๐ฐ๐ท South Korea offers a lower corporate rate (24% vs 25%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐ท Mauritania taxes investment gains at a lower rate (25% vs 45%), benefiting investors.