The income tax treaty between South Korea and Taiwan entered into force on 27 December 2023. The treaty, signed 17 November 2021, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Korean income tax, corporation tax, the special tax for rural development, and local income tax. It covers Taiwan profit-seeking enterprise income tax, individual consolidated income tax, and income basic tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services in a Contracting Party through employees or other engaged personnel if the activities...