OrbitaxProtocol to Tax Treaty between South Korea and Switzerland has Entered into Force
|Treaty Development|Korea, Rep of-Switzerland
The amending protocol to the 1980 income tax treaty between South Korea and Switzerland entered into force on 28 October 2020. The protocol, signed 17 Mary 2019, is the second to amend the treaty and makes the following changes:
- The preamble is replaced in line with BEPS standards;
- Article 24 (Mutual Agreement Procedure) is amended to provide that a person may present a MAP case to the compete…
