South Korea vs Armenia
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇰🇷 South Korea — 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.
🇦🇲 Armenia — Community & Municipal Taxes
Armenia's 930 communities (hamaynkner) levy local taxes including land tax and property tax within frameworks set by the Tax Code. Yerevan, as a metropolis divided into 12 administrative districts, has the highest commercial property values. The State Revenue Committee (SRC) administers all national taxes. Armenia has an EU-associated trade agreement (CEPA) and maintains CIS links with Russia. A flat income tax replaced progressive rates in 2020. Significant diaspora investment affects the fiscal landscape.
South Korea vs Armenia: Key Tax Differences (2026)
💰 Income Tax: 🇰🇷 South Korea has a higher top income tax rate (6–45% vs 20%). 🇦🇲 Armenia is more favourable for high earners.
🛒 VAT/Sales Tax: Armenia has a higher consumption tax (10% vs 20%).
🏢 Corporate Tax: 🇦🇲 Armenia offers a lower corporate rate (18% vs 24%), which can influence business location decisions.
📈 Capital Gains: 🇦🇲 Armenia taxes investment gains at a lower rate (10% vs 45%), benefiting investors.