The Double Taxation Agreement (DTA) between Kenya and Korea (Rep.) was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on 3 April 2017. This treaty will apply from 1 January 2018.
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US President Donald Trump announced in a Truth Social post on 27 January 2026 that tariffs on Korean autos, lumber, pharmaceuticals, and other goods subject to reciprocal measures will increase from 15% to 25%. The higher rate reverses the
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US: Trump threatens to hike tariffs on Korean imports
Korea (Rep.) moved quickly on 27 January 2026 to reassure the US that it still plans to carry out a major trade agreement, after President Donald Trump threatened to raise tariffs on Korean imports. Trump said the tariff increase was a response
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Korea(Rep.) consults Pillar 2 global minimum tax rules, side-by-side arrangement
Korea (Rep.)’s Ministry of Strategy and Finance has released Legislative Notice No. 2026-15 on 19 January 2026, initiating a public consultation and detailing draft amendments to the Enforcement Decree of the Act on International Tax Adjustment
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Kenya: KRA announces new market rates for fringe benefit tax, non-resident loans for 2026
Kenya’s revenue authority (KRA) released a public notice on 22 January 2026 regarding updates to the market interest rate for fringe benefit tax and the deemed interest rate on specific non-resident loans. The rates remain unchanged from the
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OECD publishes transfer pricing profiles for eight countries
The OECD has published the revised transfer pricing country profiles, including profiles for Bosnia and Herzegovina, Brazil, Costa Rica, Croatia, Greece, Iceland, Korea (Rep.), and Norway on 22 January 2026. These profiles focus on countries'
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Korea (Rep.) pushes for favourable US memory chip tariff deal
Korea (Rep.) will seek favourable terms for US tariffs on memory chip imports, a presidential office spokesperson said on Sunday 18 January 2026. The country’s trade deal with the US, outlined in a joint fact sheet released last year,
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