Corporate Tax Comparison

Belgium vs South Korea

Compare Belgium and South Korea corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Published — Belgium: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Belgium: 9/30/2026 · South Korea: 9/29/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Belgium

South Korea

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Belgium: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Belgium: 9/30/2026 · South Korea: 9/29/2026

Corporate Income Tax (CIT)

Belgium

South Korea

General CIT Rate:

Progressive: 10% (up to 200M KRW), 20% (200M-20B KRW), 22% (20B-300B KRW), 25% (over 300B KRW)

CIT Return Due Date:

The tax return must be filed by 30 September of the tax year for financial years ending between 31 December of the previous year and the last day of February of the tax year; in other cases, by the last day of the seventh month after the end of the financial year. The deadline can be extended for serious reasons or force majeure.

CIT Return Due Date:

Mid-term tax returns: within two months from the end of the six-month period; annual tax returns: within three months from the end of the fiscal year.

CIT Payment Due Date:

Under normal circumstances, within two months of issuing the assessment notice.

CIT Payment Due Date:

The submission of the declaration form (instalment payments are allowed in the case of elections).

CIT Estimated Payment Due Date:

(Optional) Quarterly installment payments.

Withholding Tax (WHT)

Belgium

South Korea

Resident Withholding Tax (Dividend/Interest/Royalty):

30/30/30

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

30/30/30

Value-Added Tax (VAT)

Belgium

South Korea

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Belgium

South Korea

General Capital Gain Tax Rate:

Capital gains are subject to the normal CIT rate (except capital gains on shares under certain conditions)：25%.

General Capital Gain Tax Rate:

Taxed as ordinary income at the normal CIT rates; gains on certain housing and non-business land also bear an additional 10-40% tax (Corporate Tax Act Art. 55-2)

Effective Tax Rate (ETR)

Belgium

South Korea

Composite Effective Average Tax Rate:

25%

Composite Effective Marginal Tax Rate:

18%-19%

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