Kyrgyzstan approves tax treaty amendment with Korea (Rep.)
The parliament of Kyrgyzstan approved the law for the ratification of the pending protocol to the 2012 income and capital tax treaty with Korea (Rep.) on 23 April 2025. Earlier, the National Assembly of South Korea (Rep.) approved the
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India to impose safeguard duty on steel to curb imports from China, South Korea, Japan
India plans to introduce a temporary 12% safeguard duty on certain steel imports to address a rise in low-cost shipments; mainly from China, South Korea, and Japan; according to a government source. The measure, recommended by the Directorate
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Korea (Rep.) extends fuel tax cuts until June, plans smaller reductions from May
South Korea's Ministry of Economy and Finance announced on 22 April 2025 that it will extend the fuel tax cut for an additional two months, with revised discount rates. The tax discount on gasoline will be reduced from 15% to 10%, while
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Korea (Rep.), Andorra tax treaty enters into force
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
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Korea (Rep.): National Assembly approves ratification of tax treaty with Andorra
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
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Korea (Rep.): National Assembly approves ratification of tax treaty protocol with Kyrgyzstan
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
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EU, Korea (Rep.) finalise digital trade agreement
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
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Korea (Rep): National Assembly approves K-Chips Act, expands tax incentives for semiconductor industry
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
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Korea (Rep.) gazettes amendments to International Tax Adjustment Act, includes adjustments to Global Minimum Tax provisions
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
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Korea (Rep.), Philippines FTA enters into force
The Korea-Philippine Free Trade Agreement (FTA) entered into force on 31 December 2024, as announced by the Korean Embassy in Manila on Monday, 30 December 2024. Under the Free Trade Agreement (FTA), South Korea will eliminate tariffs on 94.8% of
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Korea (Rep.): National Assembly passes 2024 Tax Law Amendment Bill
The South Korean National Assembly approved the 2024 Tax Law Amendment Bill on 10 December 2024. The amendments will affect various tax regulations which include: Deferral of Crypto Gains Tax The bill introduces a two-year deferral on the
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Rwanda, Korea (Rep.) tax treaty enters into force
The income tax treaty between Rwanda and Korea(Rep.) entered into force on 19 December 2024. Earlier, the National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was
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Korea (rep.): National Assembly approves tax treaty with Rwanda
The National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was signed on 13 September 2023. It is the first of its kind between the two nations. It will become effective
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Korean (Rep.): National Assembly approves FTA with Philippines
Korea’s National Assembly has approved the free trade agreement (FTA) with the Philippines on 14 November 2024. Earlier, the Philippine Senate ratified the FTA with Korea (Rep.) on 23 September 2024. The FTA was signed by both nations on 7
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Kyrgyzstan, Korea(Rep.) sign multiple agreements to strengthen bilateral cooperation
An amending protocol to the 2012 income and capital tax treaty between Kyrgyzstan and Korea (Rep.) was signed on 3 December 2024. The announcement was made in a release from the President of Kyrgyzstan. Earlier, Kyrgyzstan’s Cabinet of
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Kyrgyzstan approves amending protocol to 2012 tax treaty with Korea(Rep.)
Kyrgyzstan's Cabinet of Ministers has 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. This protocol represents the first amendment to
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Czech Republic, Korea (Rep.) sign MoU on trade and investment promotion framework
Czech Republic and Korea (Rep.) signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 20 September 2024. The signing of the MoU came after 34 years of diplomatic relations between the two countries,
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Korea, UK negotiate enhanced FTA
A release from the Ministry of Trade, Industry and Energy of the Republic of Korea on 11 November 2024, announced that the third round of negotiations for an enhanced free trade agreement (FTA) between Korea and the UK is taking place in Seoul
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