South Korea vs Equatorial Guinea
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.
🇬🇶 Equatorial Guinea — Equatorial Guinea Tax System
Equatorial Guinea has progressive income tax up to 35%. VAT is 15%. The country became sub-Saharan Africa's third-largest oil producer after 1995 oil discoveries, making it one of the wealthiest by GDP per capita — but extreme inequality means most citizens remain poor. The Obiang family has ruled since 1979. Oil revenue is declining; diversification efforts continue.
South Korea vs Equatorial Guinea: Key Tax Differences (2026)
💰 Income Tax: 🇰🇷 South Korea has a higher top income tax rate (6–45% vs 0–35%). 🇬🇶 Equatorial Guinea is more favourable for high earners.
🛒 VAT/Sales Tax: Equatorial Guinea has a higher consumption tax (10% vs 15%).
🏢 Corporate Tax: 🇰🇷 South Korea offers a lower corporate rate (24% vs 35%), which can influence business location decisions.
📈 Capital Gains: 🇬🇶 Equatorial Guinea taxes investment gains at a lower rate (35% vs 45%), benefiting investors.