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 30 days after the exchange of ratification instruments and will generally apply from 1 January of the year following its entry into force.
Earlier, Kyrgyzstan’s Cabinet of Ministers authorised the Minister of Economy and Commerce to sign an amendment protocol to the 2012 income and capital tax treaty with Korea (Rep.) on 19 November 2024.