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Tax Treaty between South Korea and Hong Kong Signed

|Treaty Development|Korea, Rep of-Hong Kong
Korea, Rep of-Hong Kong

On 8 July 2014, an income tax treaty between South Korean and Hong Kong was signed. The treaty is the first of its kind between the two jurisdictions.

Taxes Covered

The treaty covers South Korean income tax, corporation tax, the special tax for rural development, and the local income tax. It covers Hong Kong profits tax, salaries tax, and property tax.

Residence

If a company is a reside…

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