šÆšµ Japan vs South Korea š°š·
Compare income tax, social contributions, VAT and take-home pay between Japan and South Korea.
| Metric | šÆšµ Japan | š°š· South Korea |
|---|---|---|
| Top income tax rate | 45% | 45% |
| Social contributions | 14.6% | 9.7% |
| Standard VAT | 10% | 10% |
| Take-home pay (typical salary) | 79.7% | 78.8% |
| Public holidays | 9 | 8 |
| Average monthly salary | Ā„336,000 | ā©4,500,000 |
| Minimum wage (monthly) | Ā„193,933 | ā©2,096,270 |
| Standard work week | 40 h/week | 40 h/week |
In a typical comparison, Japan has a top income tax rate of 45% and keeps about 79.7% of salary as take-home pay, while South Korea has 45% and keeps 78.8%. The average monthly salary is about Ā„336,000 in Japan and ā©4,500,000 in South Korea.
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