The new income tax treaty between India and South Korea entered into force on 12 September 2016. The treaty, signed 18 may 2015, replaces the 1985 tax treaty between the two countries.
Taxes Covered
The treaty covers Indian income tax, including any surcharge thereon, and Korean income tax, corporation tax, and the special tax for rural development.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes service…