North Korea Tax Tables 2024 - Tax Rates and Thresholds in North Korea

This page contains the tax table information used for the calculation of tax and payroll deductions in North Korea in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ KP, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for North Korea or would like to add to or suggest amendments to the information herein then please contact us.

North Korea Personal Income Tax Tables in 2024

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 2024.

North Korea Social Security and Payroll Deduction Rates in 2024

The social security and payroll deduction system in North Korea is reflective of the country's centralized economic and political system. While detailed public information about the specifics of social security contributions and benefits is limited, it is understood that the state provides a range of social welfare services, which are funded through various state-controlled mechanisms rather than through direct deductions from employee wages as seen in many other countries.

In North Korea, the government typically bears the responsibility for ensuring the welfare of its citizens, including healthcare, education, and retirement benefits. The concept of social security in the country encompasses a broad spectrum of state-provided benefits, designed to support individuals from cradle to grave. This system is aligned with the state's ideology, emphasizing the role of the government in providing for its citizens' needs.

Healthcare services in North Korea are provided by the state and are available to all citizens. The healthcare system is funded by the government, aiming to fulfill the principle of free medical care. Similarly, education in North Korea is state-funded, offering free education from primary school through to university level, reflecting the government's commitment to education for all.

Retirement benefits in North Korea are also managed and provided by the state, with the government ensuring that individuals who have served in the workforce are taken care of in their old age. The specifics of how these retirement benefits are funded and distributed are not widely disclosed, but they are part of the broader social security net the government maintains.

While direct payroll deductions for social security, as understood in many other countries, may not be a prominent feature of North Korea's system, the state's control over the economy and its resources allows it to allocate funding for social welfare programs. This system reflects the unique economic and political context of North Korea, where state provision of social services is central to the government's approach to social security.

North Korea VAT Rates in 2024

VAT rates for North Korea are reviewed annually, you can use the VAT Calculator to calculate VAT due in North Korea or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for North Korea

The following tax tables are supported by iCalculator™ KP as part of the suite of free tax tools we provide for North Korea.