The income tax treaty between Gabon and South Korea entered into force on 2 December 2015. The treaty, signed 25 October 2010, is the first of its kind between the two countries. Taxes Covered The treaty covers Gabonese company tax and flat-rate minimum tax, tax on income of natural persons, complementary tax on salaries, special immovable property tax on rentals, and tax on income from movable capital. It covers Korean income tax, corporation tax, special tax for rural development, and local income tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least...