The income tax treaty between Kenya and South Korea entered into force on 3 April 2017. The treaty, signed 8 July 2014, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Kenyan income tax chargeable in accordance with the provisions of the Income Tax Act, and Korean income tax, corporation tax, special tax for rural development, and local income tax.
Withholding Tax Rates
- Dividends - 8% if the beneficial owner is a company directly holding at least 25% …