The amending protocol to the 1998 income and capital tax treaty between South Korea and Uzbekistan entered into force on 18 October 2020. The protocol, signed 19 April 2019, is the first to amend the treaty and includes the following changes:

• The preamble is updated in line with BEPS standards;
• Article 18 (Pensions) is updated with a new paragraph 2, which provides that pensions paid and other…