Corporate Tax Comparison

South Korea vs British Virgin Islands

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

Time of Update — South Korea: 4/04/2026 · British Virgin Islands: 4/04/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

South Korea

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — South Korea: 4/04/2026 · British Virgin Islands: 4/04/2026

Corporate Income Tax (CIT)

South Korea

British Virgin Islands

General CIT Rate:

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

General CIT Rate:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses https://tradecouncil.org/corporate-income-tax-in-the-british-virgin-islands/

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:

CIT Payment Due Date:

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

CIT Payment Due Date:

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

South Korea

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

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

Value-Added Tax (VAT)

South Korea

British Virgin Islands

General VAT Rate:

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Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

South Korea

British Virgin Islands

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:

Effective Tax Rate (ETR)

South Korea

British Virgin Islands

Composite Effective Average Tax Rate:

24.87%

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

22.0%

Composite Effective Marginal Tax Rate:

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