Sweden vs South Korea
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
🇸🇪 Sweden — Municipal Income Tax
Sweden's 290 municipalities and 21 regions each set their own income tax, ranging from ~29% to 35% (avg ~32%). The state income tax of 20% only applies above ~SEK 598,500. Church of Sweden members pay ~1% church fee. No local corporate tax variation.
🇰🇷 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.
Sweden vs South Korea: Key Tax Differences (2026)
💰 Income Tax: 🇸🇪 Sweden has a higher top income tax rate (32–52% vs 6–45%). 🇰🇷 South Korea is more favourable for high earners.
🛒 VAT/Sales Tax: Sweden has a higher consumption tax (6–25% vs 10%).
🏢 Corporate Tax: 🇸🇪 Sweden offers a lower corporate rate (20.6% vs 24%), which can influence business location decisions.
📈 Capital Gains: 🇸🇪 Sweden taxes investment gains at a lower rate (30% vs 45%), benefiting investors.