Vietnam 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
🇻🇳 Vietnam — Provincial & Local Taxes
Vietnam's 63 provinces and municipalities have limited independent taxing powers. The General Department of Taxation (GDT) administers national taxes through provincial tax departments. Provinces may levy natural resource taxes (NRT) on extractive industries at 1%–40% of resource value, and certain fees. Land use fees and land lease fees vary by province based on Land Prices Tables set annually by provincial People's Committees. Ho Chi Minh City and Hanoi have the highest land prices.
🇰🇷 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.
Vietnam vs South Korea: Key Tax Differences (2026)
💰 Income Tax: 🇰🇷 South Korea has a higher top income tax rate (5–35% vs 6–45%). 🇻🇳 Vietnam is more favourable for high earners.
🛒 VAT/Sales Tax: Both countries have comparable consumption tax rates (0–10% vs 10%).
🏢 Corporate Tax: 🇻🇳 Vietnam offers a lower corporate rate (20% vs 24%), which can influence business location decisions.
📈 Capital Gains: 🇻🇳 Vietnam taxes investment gains at a lower rate (20% vs 45%), benefiting investors.