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