South Korea vs North Macedonia
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.
🇲🇰 North Macedonia — Municipal Taxes
North Macedonia's 80 municipalities (opštini) levy property tax (0.10%–0.20% of market value), communal fees, and business licences. Skopje, divided into 10 municipalities, has the largest combined tax base. The Public Revenue Office administers national taxes. North Macedonia gained EU candidate status and is progressing toward accession. It has maintained a flat 10% income and corporate tax rate as a competitive attraction. It joined NATO in 2020. The economy relies on manufacturing (auto parts), services, and remittances.
South Korea vs North Macedonia: Key Tax Differences (2026)
💰 Income Tax: 🇰🇷 South Korea has a higher top income tax rate (6–45% vs 10–18%). 🇲🇰 North Macedonia is more favourable for high earners.
🛒 VAT/Sales Tax: North Macedonia has a higher consumption tax (10% vs 5–18%).
🏢 Corporate Tax: 🇲🇰 North Macedonia offers a lower corporate rate (10% vs 24%), which can influence business location decisions.
📈 Capital Gains: 🇲🇰 North Macedonia taxes investment gains at a lower rate (10% vs 45%), benefiting investors.