• Luxembourg - South Korea
    Amending protocol enters into force


    The amending protocol of the Income and Capital Tax Treaty between Luxembourg and South Korea entered into force on 4 September 2013.

    In accordance with the amending protocol, the following withholding taxes apply from 4 September 2013:

    • Dividends:
      • 10% if the beneficial owner is a company (other than a partnership) which holds directly at least 10% of the capital of the company paying the dividends.
      • 15% in all other cases.

    • Interest:
      • 5% on interest paid to a bank.
      • 10% in all other cases.

    • Royalties:
      • 5% on royalties paid for the use of, or the right to use industrial, commercial or scientific equipment, or for information concerning industrial, commercial or scientific equipment.
      • 10% in all other cases.
    Back to News
    Related Topics:

EUCED - European Network for Economic Cooperation and Development is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations. As well as, the status of an European Business Association.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us