• Luxembourg - South Korea
    Amending protocol enters into force

    09-10-2013

    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.
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