Korea, Rep of Tax News

G20 Declaration Published following Leader's Summit in Buenos Aires
Dec 03, 2018
SSA between Argentina and South Korea Signed
Nov 30, 2018
TIEA between Costa Rica and South Korea has Entered into Force
Nov 27, 2018
Austria to Negotiate Amending Protocols to Tax Treaties with Italy, Qatar, and South Korea
Nov 20, 2018
Costa Rica Ratifies TIEA with South Korea
Nov 14, 2018
Tax Treaty between France and South Korea to be Revised
Oct 26, 2018
South Korea Approves Pending SSAs with Luxembourg, Peru, and Slovenia
Oct 24, 2018
Tax Treaty between Ivory Coast and South Korea under Negotiations
Oct 17, 2018
SSA between Japan and South Korea to be Revised
Sep 18, 2018
Luxembourg Cabinet Approves Pending SSA with South Korea
Sep 13, 2018
Protocol to Tax Treaty between Belarus and South Korea to be Negotiated
Sep 12, 2018
OECD Releases Seven New Transfer Pricing Country Profiles
Sep 11, 2018
World Customs Organization Publishes Updated Guide to Customs Valuation and Transfer Pricing
Sep 11, 2018
Kazakhstan and South Korea to sign MOU on Tax Information Exchange
Aug 27, 2018
Update – Tax Treaty between the Czech Republic and South Korea
Aug 22, 2018
G20 Research Group Finds G20 Members Have Fully Complied with their BEPS Commitments
Aug 10, 2018
Overview of South Korea 2018 Tax Revision Bill Published
Aug 06, 2018
G20 Finance Ministers Communiqué Published following Buenos Aires Meeting
Jul 25, 2018
Tax Treaty between Singapore and South Korea to be Revised
Jul 16, 2018
Peru Approves Pending SSA With South Korea
May 21, 2018
Chile Issues Circular on Activation of Interest and Royalties MFN Clauses by Tax Treaty with Japan
Apr 25, 2018
South Korea National Tax Service Issues Notice on Changes in Arm's Length Price Determination and APA Procedures
Apr 10, 2018
G20 Finance Ministers Communiqué Published following Buenos Aires Meeting
Mar 22, 2018
OECD Releases Third Batch of MAP Peer Review Results
Mar 13, 2018
SSA between Luxembourg and South Korea Signed
Mar 07, 2018
Spain Negotiating Revisions to SSAs with Canada and South Korea
Mar 01, 2018
South Korea Looking to Negotiate Tax Treaty with Cambodia
Feb 26, 2018
SSA between Slovenia and South Korea Signed
Feb 22, 2018
Protocol to Tax Treaty between Brazil and South Korea has Entered into Force
Feb 09, 2018
Korean Government Suspends Reduced Exemption Threshold for Gains on Listed Shares
Feb 08, 2018
South Korea begins Taxation of Cryptocurrency
Feb 02, 2018
Korean Government Addresses Concerns on Reduced Exemption Threshold for Gains on Listed Shares
Jan 24, 2018
Tax Treaty between the Czech Republic and South Korea Signed
Jan 17, 2018
Update - South Korea Tax Reform Measures for 2018
Jan 10, 2018
South Korea and Vietnam Continue SSA and Tax Treaty Protocol Negotiations
Jan 08, 2018
U.S. IRS Publishes Competent Authority Arrangement with South Korea Clarifying Fiscal Domicile
Dec 11, 2017
South Korea Tax Reform Measures Passed
Dec 08, 2017
TIEA between South Korea and Vanuatu has Entered into Force
Dec 07, 2017
Brazil Chamber of Deputies Approves Pending Protocol to Tax Treaty with South Korea
Dec 06, 2017
South Korea and Uruguay to Negotiate SSA
Dec 04, 2017
Tax Treaty between Ethiopia and South Korea has Entered into Force
Nov 30, 2017
Azerbaijan Looking to Sign SSA with South Korea
Nov 10, 2017
Tax Treaty between Moldova and South Korea under Negotiation
Nov 09, 2017
Pakistan Approves Negotiations to Amend Tax Treaties with Canada, Qatar, and South Korea
Oct 06, 2017
Tax Treaty between South Korea and Taiwan under Negotiation
Sep 21, 2017
Iraq to Sign Tax Treaty with South Korea
Aug 31, 2017
South Korea to Negotiate Tax Treaty with Tanzania
Aug 08, 2017
South Korea Plans to Increase Taxes on Large Companies and High-Income Individuals and Introduce Hybrid Mismatch and Interest Restrictions Measures
Aug 04, 2017
SSA between Quebec and South Korea to Enter into Force
Aug 04, 2017
Russia to Remove the British Virgin Islands and South Korea from List of Jurisdictions without Adequate Information Exchange for CFC Profit Exemption Purposes
Jul 24, 2017
G20 Leaders' Declaration Published following Hamburg Summit
Jul 10, 2017
US Publishes CbC Exchange Arrangement with South Korea
Jul 06, 2017
U.S. Signs CbC Exchange Arrangements with Denmark, Guernsey, Ireland, Latvia, and the Slovak Republic, and South Korea
Jun 23, 2017
SSA between Croatia and South Korea to be Negotiated
Jun 21, 2017
OECD Invites Comments for Third Batch of MAP Peer Reviews
Jun 12, 2017
Signing Ceremony Held for BEPS Multilateral Instrument
Jun 08, 2017
SSA between South Korea and Vietnam under Negotiation
Apr 19, 2017
Tax Treaty between Kenya and South Korea has Entered into Force
Apr 10, 2017
TIEA between Mauritius and South Korea to Enter into Force
Apr 04, 2017
South Korea Notice on CbC Reporting and Notification Obligations and Deadlines
Mar 27, 2017
G20 Finance Ministers Communiqué Published
Mar 22, 2017
SSA between Peru and South Korea Signed
Mar 06, 2017
Singapore Agreements for Exchange of Financial Account Information Enter into Force with Australia, Korea, Italy, Canada and Latvia
Mar 01, 2017
SSA between Chile and South Korea to Enter into Force
Jan 31, 2017
Swiss Agreements for Automatic Exchange of Financial Account Information in Force with Nine Jurisdictions and the EU
Jan 27, 2017
Hong Kong and South Korea Sign Agreement for Automatic Exchange of Financial Account Information
Jan 26, 2017
Taiwan to Negotiate Tax Treaty with South Korea
Jan 11, 2017
TIEA between Samoa and South Korea in Force
Jan 10, 2017
Korea Draft Decree on CbC Reporting and other Matters
Jan 05, 2017
TIEA between Andorra and South Korea has Entered into Force
Dec 28, 2016
Guernsey's TIEAs with Montserrat and South Korea have Entered into Force
Dec 21, 2016
SSA between Finland and South Korea to Enter into Force
Dec 15, 2016
South Korea's TIEA with the British Virgin Islands and Jersey in Force
Dec 14, 2016
Iraq to Negotiate Tax Treaty with South Korea
Dec 09, 2016
Korean National Assembly Approves Tax Reform Legislation Including CbC Reporting from 2016
Dec 07, 2016
Tax Treaty between South Korea and Turkmenistan has Entered into Force
Dec 07, 2016
Update - Tax Treaty between Ethiopia and South Korea
Dec 07, 2016
Tax Treaty between Georgia and South Korea has Entered into Force
Dec 05, 2016
Tax Treaty between Serbia and South Korea has Entered into Force
Nov 25, 2016
Tax Treaty between Brunei and South Korea has Entered into Force
Oct 26, 2016
Finland Ratifies SSA with South Korea
Oct 24, 2016
Singapore Signs Agreements for Automatic Exchange of Financial Account Information with Japan and South Korea
Oct 17, 2016
South Korea and Trinidad and Tobago to Negotiate Tax Treaty
Oct 17, 2016
TIEA between Costa Rica and South Korea Signed
Oct 14, 2016
Tax Treaty between South Korea and Tajikistan has Entered into Force
Oct 12, 2016
Tax Treaty between India and South Korea has Entered into Force
Oct 11, 2016
Tax Treaty between Hong Kong and South Korea has Entered into Force
Sep 30, 2016
Protocol to Tax Treaty between Poland and South Korea to Enter into Force
Sep 29, 2016
Korea Ratifies Pending Tax Treaties with Multiple Countries
Sep 28, 2016
Update - Tax Treaty between South Korea and Turkmenistan
Sep 26, 2016
G20 Leaders Summit Communiqué and OECD Report Published
Sep 07, 2016
World Bank Publishes Global Corruption Survey Data in Relation to Taxation, Licensing and Other Areas of Doing Business
Aug 22, 2016
Mauritius Intends to Negotiate Tax Treaty with South Korea
Aug 22, 2016
TIEA between Mauritius and South Korea Signed
Aug 15, 2016
Update - Tax Treaty between Georgia and South Korea
Aug 05, 2016
South Korea Issues 2016 Tax Law Amendments Bill including CbC Reporting
Aug 01, 2016
Madagascar and South Korea to Negotiate Tax Treaty
Jul 29, 2016
G20 Finance Ministers Issue Communiqué following Chengdu Meeting
Jul 27, 2016
Swiss Federal Council Adopts Dispatch on Automatic Exchange of Tax Information with Eight States and Territories
Jul 08, 2016
82 Countries Committed to Implementation of Four Minimum Standards of OECD BEPS Project under Inclusive Framework
Jul 05, 2016
Multilateral Agreement for the Exchange of CbC Reports Signed by Argentina, Curacao, Georgia, South Korea, and Uruguay
Jul 01, 2016
SSA Negotiations between Luxembourg and South Korea Concluded
Jun 28, 2016
SSA between Chile and South Korea Signed
Jun 20, 2016
Costa Rica Negotiating TIEAs with Bermuda, Panama, South Korea and the U.A.E. and Protocol to TIEA with the U.S.
Jun 03, 2016
Tax Treaty between Ethiopia and South Korea Signed
Jun 01, 2016
Negotiations for SSA between Peru and South Korea Concluded
May 23, 2016
OECD Forum on Tax Administration Agrees on Common Transmission System for CbC and CRS Information
May 18, 2016
Tax Treaty between the Czech Republic and South Korea under Negotiation
May 11, 2016
South Korea Announces Planned Incentives for Industrial Restructuring with a Focus on R&D
May 03, 2016
Five EU Countries Announce Plans to Develop Multilateral System for Automatic Exchange of Beneficial Ownership Info and G20 Listens
Apr 18, 2016
Tax Treaty between Georgia and South Korea Signed
Apr 05, 2016
Korea Expected to Introduce CbC Reporting in 2017
Apr 04, 2016
Korea Issues Final Master file and Local file Requirements and Templates
Apr 01, 2016
Tax Treaty between Georgia and South Korea to be Signed
Mar 30, 2016
Update - New Tax Treaty between India and South Korea
Mar 28, 2016
Mauritius Publishes Update on Tax Treaty/TIEA Negotiations Status
Mar 15, 2016
Update - Tax Treaty between Nigeria and South Korea Not Effective
Mar 04, 2016
New Tax Treaty between South Korea and Turkey Initialed
Feb 29, 2016
TIEA between Macau and South Korea under Negotiation
Feb 26, 2016
Update - Tax Treaty between Serbia and South Korea
Feb 24, 2016
Switzerland Signs Joint Declaration on Automatic Exchange of Information with South Korea
Feb 22, 2016
Tax Treaty between Serbia and South Korea Signed
Jan 26, 2016
Tax Treaty between Gabon and South Korea has Entered into Force
Jan 13, 2016
Protocol to the Tax Treaty between Belgium and South Korea has Entered into Force
Jan 13, 2016
Korea's Proposed Master File and Local File Regulations
Jan 05, 2016
Korea Enacts Legislation for 2016 Tax Reform including New Transfer Pricing Reporting Requirements
Dec 17, 2015
India and Korea Sign MoU Agreeing to Suspend Tax Collection during MAP
Dec 16, 2015
SSA between Quebec and South Korea Signed
Dec 02, 2015
Tax Treaty between Ghana and South Korea under Negotiation
Dec 02, 2015
OECD Holds Inaugural Meeting for the BEPS Multilateral Instrument
Nov 12, 2015
SSA between Brazil and South Korea to Enter Into Force
Oct 20, 2015
Update - Tax Treaty between Kenya and South Korea
Oct 07, 2015
OECD Publishes Final BEPS Package
Oct 06, 2015
TIEA between Guernsey and South Korea Signed
Oct 05, 2015
SSA between Slovenia and South Korea Signed
Sep 18, 2015
SSA between Finland and South Korea Signed
Sep 11, 2015
Korea Introduces Voluntary Disclosure Program for Foreign Assets
Sep 09, 2015
Korea to Limit Scope of VAT on E-Service Supplies from Foreign Suppliers
Sep 04, 2015
Korea's Proposed Transfer Pricing Reporting Requirements
Aug 20, 2015
Korea Publishes Overview of 2015 Tax Revision Bill
Aug 10, 2015
Guernsey Provides Update on Tax Treaty and TIEA Negotiations
Aug 06, 2015
Tax Treaty between Barbados and South Korea to be Negotiated
Jul 31, 2015
South Korea Considering Foreign Investment Tax Incentives
Jul 28, 2015
Tax Treaty between Ethiopia and South Korea to be Negotiated
Jul 28, 2015
TIEA between Jersey and South Korea Signed
Jul 24, 2015
Tax Treaty between Georgia and South Korea under Negotiation
Jul 13, 2015
Korea Begins VAT Registration of Foreign E-Service Suppliers
Jul 09, 2015
Colombia Rules on Application of Tax Treaty in regard to Net Worth Tax
Jul 06, 2015
TIEA between Korea and Samoa Signed
Jun 15, 2015
SSAs between South Korea and Sweden, Switzerland and Turkey have Entered into Force
Jun 03, 2015
OECD Announces that Work on the BEPS Multilateral Instrument is Underway
Jun 02, 2015
Korea Issues Guidance on APA Applications
May 21, 2015
Korea to Charge VAT on Foreign E-Services
May 20, 2015
New Tax Treaty between India and South Korea Signed
May 19, 2015
India Approves Revisions to the Tax Treaty with South Korea
May 07, 2015
Protocol to the Tax Treaty between Brazil and South Korea Signed
Apr 29, 2015
Tax Treaty between South Korea and Turkmenistan Signed
Apr 16, 2015
New Zealand Announces Tax Treaty and Protocol Negotiation Plans
Apr 09, 2015
Tax Treaty between Nigeria and South Korea (Amended)
Apr 01, 2015
Protocol to the Tax Treaty between Italy and South Korea has Entered into Force
Mar 18, 2015
Uruguay Seeking SSA with South Korea
Feb 26, 2015
New SSA between China and South Korea has Entered into Force
Feb 19, 2015
TIEA between Bermuda and South Korea has Entered into Force
Feb 18, 2015
South Korea Issues 2014 Revision to Tax Enforcement Decree
Dec 30, 2014
TIEA between the British Virgin Islands and South Korea Signed
Dec 11, 2014
Tax Treaty between Brunei and South Korea Signed
Dec 11, 2014
South Korean Court Rules Income from Patents Not Registered in Korea are Not Considered Korea Source Income Under Tax Treaty with the U.S.
Dec 05, 2014
SSA between Finland and South Korea under Negotiation
Dec 01, 2014
Turkey Ratifies SSA With South Korea
Nov 05, 2014
Multilateral Agreement on Information Exchange Signed by 51 Jurisdictions
Oct 30, 2014
TIEA between Andorra and South Korea Signed
Oct 27, 2014
FTA between Canada and South Korea Signed
Sep 25, 2014
Sweden Ratifies SSA with South Korea
Sep 18, 2014
South Korea and Vietnam Negotiating Revisions to Tax Treaty
Aug 27, 2014
South Korea Considering VAT on Financial Services
Aug 20, 2014
Mauritius Provides Update on TIEAs Pending Signature
Aug 20, 2014
Update - Korea's Proposed Tax on Excessive Retained Earnings
Aug 19, 2014
Korea's 2014 Tax Revision Bill Announced
Aug 14, 2014
Korean Government has Announced a Proposed Retained Earnings Tax and Business Incentives
Aug 01, 2014
Tax Treaty between South Korea and Colombia has Entered into Force
Aug 01, 2014
South Korean Supreme Court Issues Decision on Beneficial Ownership for Tax Treaty Benefit Purposes
Jul 15, 2014
South Korea and Turkmenistan Agree to Sign Tax Treaty
Jul 14, 2014
Tax Treaty between South Korea and Kenya Signed
Jul 09, 2014
Tax Treaty between South Korea and Hong Kong Signed
Jul 09, 2014
Italy Approves Protocol to Tax Treaty with South Korea
Jun 10, 2014
Protocol to Tax Treaty between Poland and South Korea Ratified by Poland
May 16, 2014
Colombia Ratifies Tax Treaty with South Korea
May 07, 2014
Tax Treaty between Peru and South Korea Enters Into Force
Mar 17, 2014
Treaty between Korea (Rep.) and Peru enters into force
Mar 14, 2014
Treaty between India and Korea (Rep.) – Indian decision that profits cannot be arbitrarily attributed to a PE in India
Jan 01, 2014
Protocol to treaty between Poland and Korea (Rep.) – details
Dec 31, 2013
Treaty between Ecuador and Korea (Rep.) enters into force
Dec 25, 2013
Tax Revision Bill 2013 – approved
Dec 02, 2013
Protocol to treaty between Korea (Rep.) and Poland signed
Dec 02, 2013
Protocol and exchange of letters to treaty between Korea (Rep.) and Luxembourg enters into force
Dec 02, 2013
Protocol to treaty between Korea (Rep.) and Singapore enters into force
Jul 29, 2013
Treaty between Korea (Rep.) and Uruguay enters into force
Jul 29, 2013
Protocol to treaty between Luxembourg and Korea (Rep.) – details
Jun 27, 2013
Decision that marketing expenses incurred on behalf of associated enterprise to be determined at an arm's length price
Jun 24, 2013
Treaty between Bahrain and Korea (Rep.) enters into force
Jun 24, 2013
Tax Revision Bill enacted
May 06, 2013
Treaty between Korea (Rep.) and Belgium – Korean decision on application of Korean domestic anti-abuse provisions to tax treaties
Feb 10, 2013
Treaty between Ecuador and Korea (Rep.) signed
Dec 02, 2012
New procedure for claiming reduced withholding tax under tax treaties
Oct 14, 2012
Protocol to treaty between Switzerland and Korea (Rep.) enters into force
Sep 03, 2012
Treaty between Korea (Rep.) and Peru signed
Jul 29, 2012
Treaty between Korea (Rep.) and Panama enters into force
Jun 03, 2012
Treaty between Korea (Rep.) and Panama enters into force
Jun 03, 2012
Tax Revision Bill enacted
Mar 04, 2012
Treaty between Korea (Rep.) and Iran enters into force
Mar 30, 2011
Protocol to treaty between Korea (Rep.) and Kuwait enters into force
Mar 30, 2011
Protocol to treaty between Switzerland and Korea (Rep.) signed and details
Feb 28, 2011
Treaty between Estonia and Korea (Rep.) enters into force
Aug 23, 2010
Treaty between Iceland and Korea (Rep.) – details
May 25, 2010
Tax law changes for 2010 – direct tax
Mar 05, 2010
Tax law changes for 2010 – direct tax
Feb 19, 2010
Treaty between Korea (Rep.) and Qatar enters into force
Jan 20, 2010
Treaty between Latvia and Korea (Rep.) will enter into force
Jan 20, 2010
Treaty between Korea (Rep.) and Algeria enters into force
Jun 07, 2009
Treaty between Korea (Rep.) and Saudi Arabia enters into force
Jun 07, 2009
Treaty between Korea (Rep.) and Saudi Arabia – details
Jun 07, 2009
Withholding tax rate reduced to 22%
Mar 16, 2009
Treaty between Iceland and Korea (Rep.) enters into force
Feb 22, 2009
Treaty between Latvia and Korea (Rep.) ratified
Feb 22, 2009
2008 tax reform proposals – further details
Jan 23, 2009
Proposed reductions to tax rates/base
Nov 04, 2008
Proposed reductions to tax rates/base
Oct 07, 2008
Indian decision that income of South Korean entity from offshore supply of equipment not taxable in India
Oct 07, 2008
OECD released 2008 Model Tax Convention
Oct 07, 2008
Discussion draft on New Art. 7 of OECD Model – details
Aug 30, 2008
OECD Council approves 2008 Model Tax Convention
Aug 11, 2008
Comments on draft contents of 2008 update to Model Tax Convention published
Jul 27, 2008
Consolidated taxation system proposed
Jul 27, 2008
Treaty between Iceland and Korea (Rep.) signed
Jun 21, 2008
Protocol to treaty between Kuwait and Korea (Rep.) signed
Jun 21, 2008
Draft of 2008 Model Tax Convention – Proposed changes to Commentary to Art. 12 (definition of royalties)
Jun 21, 2008
Treaty between Korea (Rep.) and Venezuela enters into force
Apr 15, 2008
New administration to reduce corporate tax rates
Mar 16, 2008
Treaty between Korea (Rep.) and Thailand – details
Mar 16, 2008
Treaty between Thailand and Korea (Rep.) signed and in force
Mar 16, 2008
OECD released discussion draft on transactional profit methods
Feb 08, 2008
Treaty between India and Korea (Rep.) – Indian decision on taxability of offshore portion of composite contract
Feb 08, 2008
APA between China and Korea (Rep.) signed
Dec 03, 2007
Introduction of simplified tax regime
Nov 04, 2007
Tax law changes for 2008
Nov 04, 2007
Corporate tax cut period for large-scale foreign invested companies extended
Oct 01, 2007
OECD releases revised draft of Part IV (Insurance) of the Report on Attribution of Profits to Permanent Establishments
Sep 02, 2007
Discussion draft on application and interpretation of non-discrimination article of OECD Model – details
Jun 18, 2007
Revised Commentary on Article 7 of OECD Model released
May 28, 2007
Treaty between Korea (Rep.) and Saudi Arabia signed
May 28, 2007
Tax law changes for 2007
Mar 24, 2007
Corporate tax breaks
Mar 24, 2007
Final Report on Improving the Resolution of Tax Treaty Disputes
Mar 24, 2007
Report on Attribution of Profits to PEs released
Feb 24, 2007
Treaty between Canada and Korea (Rep.) enters into force
Feb 24, 2007
Treaty between Korea (Rep.) and Nigeria signed
Dec 17, 2006
Proposed changes to commercial and tax laws
Nov 12, 2006
Treaty between Korea (Rep.) and Canada signed
Oct 14, 2006
Treaty between Korea (Rep.) and Malaysia – pre-approval application procedures for benefits finalized
Oct 14, 2006
Treaty between Venezuela and Korea (Rep.) signed
Sep 12, 2006
List of low tax jurisdiction to be published
Jul 11, 2006
Indian decision on applicability of non-discrimination article in India-Korea (Rep.) tax treaty
Jun 14, 2006
Second protocol to treaty between China and South Korea signed
May 14, 2006
Philippine ruling that guarantee fees are not interest under Philippines-Korea (Rep.) tax treaty
May 14, 2006
Treaty between Brazil and Korea clarified – MFN clauses
Apr 09, 2006
Expected changes – 2006
Feb 19, 2006
Following a reduction in withholding tax rates in the 2001 protocol to the Australia-US tax treaty, Australia is required under the most-favoured-nation clause in its existing treaty with Korea (Rep.) to renegotiate the 1982 Australia-Korea (Rep.) treaty.
Feb 19, 2006
The first-time income and capital tax treaty between the Czech Republic and Korea (Dem. People's Rep.), signed on 2 March 2005, entered into force on 7 December 2005. The treaty generally applies from 1 January 2006.
Jan 01, 2006
Tax Court of Canada applies tie-breaker rules in CanadaKorea (Rep.) tax treaty to determine residence status
Oct 16, 2005
On 8 July 2005, Korea (Rep.) and Thailand initialled a revision to the Korea-Thailand income tax treaty of 26 August 1974. Further details are not yet available.
Aug 03, 2005
The first-time tax treaty between Korea (Rep.) and the United Arab Emirates, signed on 22 September 2003, entered into force on 2 March 2005. The treaty generally applies retroactively from 1 January 2003.
Apr 27, 2005
The first-time tax treaty between Korea (Rep.) and the United Arab Emirates, signed on 22 September 2003, entered into force on 2 March 2005. The treaty generally applies retroactively from 1 January 2003.
Apr 18, 2005