South Korea's Ministry of Foreign Affairs has announced that the income tax treaty with Andorra has entered into force on 1 April 2025. The withholding tax rate on dividends is 5% if the owner is a company that has held at least 10% of the

The National Assembly of Korea (Rep.) approved the ratification of  income tax treaty with Andorra on 13 March 2025, which was signed on 3 November 2023. The treaty will take effect once the ratification instruments are exchanged and will apply

The National Assembly of South Korea (Rep.) has approved the ratification of the protocol to the 2012 income and capital tax treaty with Kyrgyzstan on 13 March 2025. The treaty was signed on 3 December 2024. The protocol will come into effect

The EU and Korea (Rep)  finalised a Digital Trade Agreement (DTA) to boost online trade and data flows on 10 March 2025. Announced at the 12th Trade Committee meeting, the agreement will now undergo legal review before final

The Iraqi Ministry of Finance announced that Iraq had signed an income tax treaty with Switzerland on Thursday, 26 February 2025 . The agreement aims to prevent double taxation and enhance economic cooperation between the two countries. This

The National Assembly of Korea (Rep.) approved a bill designed to support the semiconductor industry by offering increased tax incentives to chipmakers on Thursday, 27 February 2025. The updated Act on Restriction of Special Taxation, known as