Details of the income tax treaty and protocol between Korea (Rep.)- Saudi Arabia, that was signed on 24 March 2007 and entered into force on 1 December 2008, have become available. The treaty was concluded in the Korean, Arabic and English languages, each text having equal authenticity. In case of divergence, however, the English text prevails. The treaty is effective from 1 January 2009 and generally follows the OECD Model Convention.
The maximum rates of withho…