South Korea vs Mali
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.
🇲🇱 Mali — Regional & Cercle Taxes
Mali's 21 regions and cercles (districts) levy local taxes including Taxe de Résidence, property taxes, and business licence fees. Mali has been in severe political turmoil — military coups in 2020 and 2021, French military withdrawal, Russian PMC Wagner Group forces, and suspension from ECOWAS. Gold is the dominant export. The fiscal situation is extremely challenging with significant informal economy and conflict disruption, particularly in northern regions where terrorist groups control territory and tax trade routes informally.
South Korea vs Mali: Key Tax Differences (2026)
💰 Income Tax: 🇰🇷 South Korea has a higher top income tax rate (6–45% vs 0–40%). 🇲🇱 Mali is more favourable for high earners.
🛒 VAT/Sales Tax: Mali has a higher consumption tax (10% vs 18%).
🏢 Corporate Tax: 🇰🇷 South Korea offers a lower corporate rate (24% vs 30%), which can influence business location decisions.
📈 Capital Gains: 🇲🇱 Mali taxes investment gains at a lower rate (30% vs 45%), benefiting investors.