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Peru vs South Korea
Tax Rate Comparison

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

πŸ‡΅πŸ‡ͺ Peru
vs
πŸ‡°πŸ‡· South Korea
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
8–30%
Rates stable; tax formalization drive
No change
6–45%
Stable; political debate on top rate reduction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
18%
18% stable; digital services included
No change
10%
Standard 10% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
29.5%
29.5%; Pillar Two framework in development
No change
9–24%
Competitiveness discussions vs global peers
No change
Capital Gains Tax
Capital Gains Tax
5%
5% dividend rate maintained
No change
0–45%
Financial income taxation reform continuing
No change
Social Security & Payroll
Social Security / Payroll
~32%
Mixed pension system; ONP and AFP reform progressing
No change
~18.5%
Contribution rates stable; pension reform discussion
No change
State, Regional & Local Taxes

πŸ‡΅πŸ‡ͺ Peru β€” Municipal Taxes & Regional Licenses

Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%–1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.

πŸ‡°πŸ‡· 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.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Peru vs South Korea: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡°πŸ‡· South Korea has a higher top income tax rate (8–30% vs 6–45%). πŸ‡΅πŸ‡ͺ Peru is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Peru has a higher consumption tax (18% vs 10%).

🏒 Corporate Tax: πŸ‡°πŸ‡· South Korea offers a lower corporate rate (24% vs 29.5%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡΅πŸ‡ͺ Peru taxes investment gains at a lower rate (5% vs 45%), benefiting investors.

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