Korean Global Income Tax Calculator
Estimate your May income tax return as a freelancer or sole proprietor in Korea.
Income tax brackets
| Tax base | Rate | Quick deduction |
|---|---|---|
| Up to ₩14,000,000 | 6% | ₩0 |
| Up to ₩50,000,000 | 15% | ₩1,260,000 |
| Up to ₩88,000,000 | 24% | ₩5,760,000 |
| Up to ₩150,000,000 | 35% | ₩15,440,000 |
| Up to ₩300,000,000 | 38% | ₩19,940,000 |
| Up to ₩500,000,000 | 40% | ₩25,940,000 |
| Up to ₩1,000,000,000 | 42% | ₩35,940,000 |
| Over ₩1,000,000,000 | 45% | ₩65,940,000 |
Tax = tax base × rate − quick deduction. Returns are filed on Hometax from May 1 to May 31.
FAQ
When is the filing period?
May 1–31 each year (June 30 for businesses requiring a sincere filing confirmation).