On 3 July 2014, the tax treaty between South Korea and Colombia entered into force. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Colombian income tax and its complementary taxes, and South Korean income tax, corporation tax, and the special tax for rural development.
Residence
If a company is resident in both Contracting States, then it shall be deemed to be a resident only of the State in which it is a national. If the company is a na…