What are the general Corporate Income Tax (CIT) rates in South Korea and Austria?

For South Korea: Progressive: 10% (up to 200M KRW), 20% (200M-20B KRW), 22% (20B-300B KRW), 25% (over 300B KRW). For Austria: 23 (by 2022, this ratio will be 25%, by 2023, it will be 24%).

When are the Corporate Income Tax (CIT) payments due in South Korea and Austria?

For South Korea: The submission of the declaration form (instalment payments are allowed in the case of elections).. For Austria: The final settlement should take place after the annual assessment (payment should be due one month after the assessment)..

When are the Corporate Income Tax (CIT) estimated payments due in South Korea and Austria?

For South Korea: N/A. For Austria: Installment payments by quarter..

What are the resident Withholding Tax (WHT) rates in South Korea and Austria?

For South Korea: . For Austria: 0 or 23/ 0 or 23/ 0.

What are the non-resident Withholding Tax (WHT) rates in South Korea and Austria?

For South Korea: . For Austria: 23/0/20.

What are the general VAT rates in South Korea and Austria?

For South Korea: 10. For Austria: 20.

What are the Capital Gain Tax (CGT) rates in South Korea and Austria?

For South Korea: 25 (the same as the normal CIT rate for corporations over 300B KRW taxable income). For Austria: Capital gains are subject to the normal corporate income tax rate constraints..

What are the Composite Effective Average Tax Rates in South Korea and Austria?

For South Korea: 24.87%. For Austria: 22.91%.

What are the Composite Effective Marginal Tax Rates in South Korea and Austria?

For South Korea: 22.0%. For Austria: 21.96%.

South Korea vs Austria

Corporate Tax Comparison

Time of Update: South Korea: 4/04/2026 / Austria: 3/24/2026

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

South Korea vs Austria Corporate Tax Comparison

Q: When are the Corporate Income Tax (CIT) returns due in South Korea and Austria?

For South Korea: 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.. For Austria: Usually: June 30 of the next year; if submitted by a registered tax advisor: March 31 of the second year..

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Basic Corporate Tax Comparison

Data Source PwC World Tax Summary
OCED Statistic

Corporate Income Tax (CIT)

South Korea

Austria

General CIT Rate:

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

General CIT Rate:

23 (by 2022, this ratio will be 25%, by 2023, it will be 24%)

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 Return Due Date:

Usually: June 30 of the next year; if submitted by a registered tax advisor: March 31 of the second year.

CIT Payment Due Date:

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

CIT Payment Due Date:

The final settlement should take place after the annual assessment (payment should be due one month after the assessment).

CIT Estimated Payment Due Date:

N/A

CIT Estimated Payment Due Date:

Installment payments by quarter.

Withholding Tax (WHT)

South Korea

Austria

Resident Withholding Tax (Dividend/Interest/Royalty):

0 or 23/ 0 or 23/ 0

None-Resident Withholding Tax (Dividend/Interest/Royalty):

23/0/20

Value-Added Tax (VAT)

South Korea

Austria

General VAT Rate:

Learn More

General VAT Rate:

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Capital Gain Tax (CGT)

South Korea

Austria

General Capital Gain Tax Rate:

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

General Capital Gain Tax Rate:

Capital gains are subject to the normal corporate income tax rate constraints.

Effective Tax Rate (ETR)

South Korea

Austria

Composite Effective Average Tax Rate:

24.87%

Composite Effective Average Tax Rate:

22.91%

Composite Effective Marginal Tax Rate:

22.0%

Composite Effective Marginal Tax Rate:

21.96%

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