The income tax treaty between South Korea and Turkmenistan entered into force on 26 November 2016. The treaty, signed 13 April 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Korean income tax, corporation tax, special tax for rural development, and local income tax. It covers Turkmen tax on profits (income) of juridical persons and tax on income of individuals.
Service PE
The treaty includes the provision that a permanent establishment will be …