New tax treaty between South Korea and Kyrgyzstan
The Korean Ministry of Foreign Affairs (MoFA) has announced that a Double Taxation treaty (DTT) with Kyrgyzstan came into force on 22 November 2013 and will take effect and apply to incomes paid on or after 1 January 2014.
The details of the DTT are as follows:
- 10% standard rate on dividends or, if the investor holds at least 25% of the capital of the company paying the dividends, 5%;
- 10% standard rate on interest.
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