Corporate Tax Comparison

Gibraltar vs South Korea

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

Time of Update — Gibraltar: 4/05/2026 · South Korea: 4/04/2026

Base Country/Region

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Compare Corporate Tax

Gibraltar

South Korea

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Gibraltar: 4/05/2026 · South Korea: 4/04/2026

Corporate Income Tax (CIT)

Gibraltar

South Korea

General CIT Rate:

15% from 1 July 2024 (previously 12.5%). Utility and energy providers and corporations abusing a dominant position: 20%.

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:

CIT returns are due nine months after the date of the company's financial year end.

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:

The final balance (being the actual tax liability less any payments made on account) is due by the date of filing the return (i.e. nine months after the date of the company's financial year end).

CIT Payment Due Date:

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

CIT Estimated Payment Due Date:

Companies are required to make payments on account of future liabilities by 28 February and 30 September in each calendar year.

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

Gibraltar

South Korea

Resident Withholding Tax (Dividend/Interest/Royalty):

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

Value-Added Tax (VAT)

Gibraltar

South Korea

General VAT Rate:

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Value-Added Tax (VAT)

General VAT Rate:

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Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Gibraltar

South Korea

General Capital Gain Tax Rate:

25 (the same as the normal CIT rate for corporations over 300B KRW taxable income)

Effective Tax Rate (ETR)

Gibraltar

South Korea

Composite Effective Average Tax Rate:

24.87%

Composite Effective Marginal Tax Rate:

22.0%

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