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corporate-taxAnswered

Why should South Korea tax estimates include local income tax?

YK
Yuna Kim
May 19, 2026 3,095 views 1 answer
South Korealocal income taxcorporate taxindividual tax

I am budgeting Korean income or company tax and keep seeing a local income tax layer. Please explain why local income tax changes the real cost and why it should not be treated as a rounding error.

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