On 17 May 2019, officials from South Korea and Switzerland signed an amending protocol to the 1980 income tax treaty between the two countries. The protocol makes the following changes:
- Replaces the preamble in line with BEPS standards;
- Amends Article 24 (Mutual Agreement Procedure) to provides that person may present a MAP case to the competent authority of either Contracting States, instead of just the competent authority of the Contracting State of which the person is a resident;
- Inserts …