Corporate Tax Comparison

Brazil vs South Korea

Compare Brazil 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 — Brazil: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Brazil: 10/07/2026 · South Korea: 9/29/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Brazil

South Korea

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Brazil: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Brazil: 10/07/2026 · South Korea: 9/29/2026

Corporate Income Tax (CIT)

Brazil

South Korea

General CIT Rate:

34 (composed of 25% IRPJ and 9% CSLL).

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 last working day of July.

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:

Usually, on the last working day of March of the following year (when calculating IRPJ and CSLL annually), taxpayers can pay taxes within a quota from the last working day of the next month to the end of the quarter, or they can pay taxes in three installments, with the first installment from the next month to the end of the quarter when IRPJ and CSLL are calculated quarterly.

CIT Payment Due Date:

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

CIT Estimated Payment Due Date:

Normally monthly instalments, but there is an option of quarterly instalment.

Withholding Tax (WHT)

Brazil

South Korea

Resident Withholding Tax (Dividend/Interest/Royalty):

0 or 10 / 15 - 22.5 / N/A

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

10 / 15 / 15

Value-Added Tax (VAT)

Brazil

South Korea

General VAT Rate:

17% - 20% (ICMS)

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Brazil

South Korea

General Capital Gain Tax Rate:

Residents: 34 legal entities (considered as a part of normal income, subject to normal CIT tax rate); non-residents: 15 to 22.5 (WHT); non-residents from tax haven countries: 25 (WHT).

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)

Brazil

South Korea

Composite Effective Average Tax Rate:

32%

Composite Effective Marginal Tax Rate:

15%

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