The protocol to the 1989 income tax treaty between Italy and South Korea entered into force on 23 January 2015. The protocol, signed 3 April 2012, is the first to amend the treaty.
The protocol amends Article 2 Taxes Covered to include regional tax on productive activities (IRAP), Article 3 General Definitions, Article 23 Method for Elimination of Double Taxation in regard to Italy, and replaces Article 26 Exchange of Information bringing it in line with the OECD standard for information exchange.
The protocol applies from the date of its entry into force, 23 January 2015.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.