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Treaty between Korea (Rep.) and Canada signed — Orbitax

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Treaty between Korea (Rep.) and Canada signed

|Treaty Development|Korea (rep,) - Canada
Korea (rep,) - Canada

Korea (Rep.) and Canada signed a new tax treaty on 5 September 2006 replacing the current Korea (Rep.)_Canada income tax treaty of 10 February 1978. The new treaty is expected to become effective as from 1 January 2007. Under the new treaty, withholding taxes on:

-   dividends will be reduced to 5% in cases where the shareholding is o…

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