The new income tax treaty between India and South Korea was signed 18 may 2015. Once in force and effective, the new treaty will replace the 1985 tax treaty between the two countries, which is currently in force.
Taxes Covered
The treaty covers Indian income tax, including any surcharge thereon, and Korean income tax, corporation tax, and the special tax for rural development.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an …