Orbitax Tax News & Alerts
Korea, Rep of's Tax news & updates from Orbitax and partners
Korea, Rep of Tax News
Treaty between Korea (Rep.) and Thailand – details
New administration to reduce corporate tax rates
Treaty between Thailand and Korea (Rep.) signed and in force
Treaty between India and Korea (Rep.) – Indian decision on taxability of offshore portion of composite contract
OECD released discussion draft on transactional profit methods
APA between China and Korea (Rep.) signed
Introduction of simplified tax regime
Tax law changes for 2008
Corporate tax cut period for large-scale foreign invested companies extended
OECD releases revised draft of Part IV (Insurance) of the Report on Attribution of Profits to Permanent Establishments
Discussion draft on application and interpretation of non-discrimination article of OECD Model – details
Revised Commentary on Article 7 of OECD Model released
Treaty between Korea (Rep.) and Saudi Arabia signed
Final Report on Improving the Resolution of Tax Treaty Disputes
Tax law changes for 2007
Corporate tax breaks
Treaty between Canada and Korea (Rep.) enters into force
Report on Attribution of Profits to PEs released
Treaty between Korea (Rep.) and Nigeria signed
Proposed changes to commercial and tax laws
Treaty between Korea (Rep.) and Malaysia – pre-approval application procedures for benefits finalized
Treaty between Korea (Rep.) and Canada signed
Treaty between Venezuela and Korea (Rep.) signed
List of low tax jurisdiction to be published
Indian decision on applicability of non-discrimination article in India-Korea (Rep.) tax treaty
Philippine ruling that guarantee fees are not interest under Philippines-Korea (Rep.) tax treaty
Second protocol to treaty between China and South Korea signed
Treaty between Brazil and Korea clarified – MFN clauses
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.
Expected changes – 2006
Unify Your Processes
Simplify Compliance
Empower Your Team