Corporate Tax Comparison

Israel vs South Korea

Compare Israel 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 — Israel: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Israel: 10/03/2026 · South Korea: 9/29/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Israel

South Korea

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Israel: 2/14/2024 · South Korea: 2/14/2024 · Time of Update — Israel: 10/03/2026 · South Korea: 9/29/2026

Corporate Income Tax (CIT)

Israel

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:

Within five months after the end of the tax year.

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:

If the remaining balance is paid before the end of the first month after the end of the tax year, the taxpayer should be completely exempt from any interest and linkage differences.

CIT Payment Due Date:

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

CIT Estimated Payment Due Date:

Taxpayers must prepay their taxes on a monthly basis before the 15th of each month. According to a fixed percentage of the company's turnover, there are 12 months of prepayments, or based on the previous year's tax assessment, there are 10 months of payments starting from the second month of the company's tax year.

Withholding Tax (WHT)

Israel

South Korea

Resident Withholding Tax (Dividend/Interest/Royalty):

0 or 23/23/30

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

25-30/23/23

Value-Added Tax (VAT)

Israel

South Korea

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Israel

South Korea

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate.

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)

Israel

South Korea

Composite Effective Average Tax Rate:

21.47%

Composite Effective Marginal Tax Rate:

16.63%

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