A free trade agreement (FTA) was signed on 8 April 2014 by representatives of the governments of South Korea and Australia. The agreement is designed to boost trade between the two countries and strengthen economic ties generally.
Related Posts
Slovenia issued the law ratifying the income tax treaty with Australia on 30 December 2024. Earlier, the Australian government announced the signing of a new tax treaty with Slovenia on 9 September 2024. The agreement will enter into force
Read More
South Korea has published Law No. 20612 in the Official Gazette on 31 December 2024, amending the International Tax Adjustment Act, which includes several adjustments to the Global Minimum Tax provisions. The law introduces measures aligned with
Read MoreOn 23 December 2024 the IMF staff issued a report following consultations with Australia under Article IV of the IMF’s articles of agreement. Economic growth is projected increase gradually, from 1.2% in 2024 to 2.1% in 2025. Real income growth
Read More
The Australian Taxation Office (ATO) has published updated guidance on the local and master file requirements – which applies to reporting periods beginning on or after 1 January 2024 –, and transfer pricing guidance for the private property and
Read More
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the third quarter of the 2024-25 income year on 9 December 2024. For the quarter commencing on 1 January 2025,
Read More
The Australian Treasury has launched a public consultation to review secrecy exceptions for tax regulators in light of the PwC tax leak scandal. The consultation is set to conclude on 28 February 2025. The PwC tax leaks exposed limitations in
Read More
