The Income tax rates and personal allowances in North Korea are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the North Korea Tax Calculator 2023.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Flat rate on all taxable income | ||
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Flat rate on all taxable income | ||
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in North Korea periodically and typically updated each year. Not that not all tax rates and thresholds in North Korea change annually, alterations to tax policy to support strategic economic growth in North Korea mean that the certain areas may be focused on to provide specific tax relief in North Korea or support growth in certain areas (overseas invstment in North Korea for example may mean reduced non-resident income tax rates in North Korea for a period).
When tax policy in North Korea changes, the resultant tax tables also change. Tax tables in North Korea are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in North Korea, the North Korea tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in North Korea for example).
North Korea Tax Tables may also be referred to as North Korea Tax Slabs, North Korea personal allowances and tax thresholds or North Korea business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2023 tax rates and thresholds used within the 2023 North Korea Salary Calculator. This means that if you are aware of a 2023 tax exemption or 2023 tax allowance in North Korea that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the North Korea Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the North Korea Salary Calculator to suit our users needs. Our aim is to keep tax calculations in North Korea simple, we achieve this my making the North Korea tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2023 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2023 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the North Korea income tax rates and personal allowances used in the associated income tax calculator for the same tax year.