The average per capita income tax in Korea increased 25 percent in five years, the fourth-highest increase rate among OECD member countries. The amount increased from $5,051 in 2008 to $6,314 in 2013.
However, the nation’s income tax per person and rate of tax revenue to gross domestic product were comparatively low.
According to the OECD report on Monday, Korea’s per capita income tax in 2013 ($6,314) was the sixth-lowest among the 29 OECD members. The OECD average was $15,634, about 2.5 times higher than that of Korea.
The country with the highest amount of tax per person was Luxembourg ($48,043), followed by Northern European countries with extensive welfare systems including Norway, Denmark and Sweden.
