On 12 January 2018, officials from the Czech Republic and South Korea signed a new income tax treaty. The treaty is the first of its kind directly between the two countries, and will enter into force after the ratification instruments are exchanged. Once in force and effective, the new treaty will replace the 1992 tax treaty between South Korea and the former Czechoslovakia, which currently applies in respect of the Czech Republic and South Korea. Details of the treaty will be published once …