The income tax treaty between Georgia and South Korea was signed on 31 March 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Georgian profit tax and income tax, and covers Korean income tax, corporation tax, special tax for rural development and local income tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 10%
- Interest - 0% if paid i…