The income tax treaty between Kenya and South Korea was signed on 8 July 2014. The treaty is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged.
Taxes Covered
The treaty covers Kenyan income tax chargeable in accordance with the provisions of the Income Tax Act, and Korean income tax, corporation tax, special tax for rural development and local income tax.
Withholding Tax Rates
- Dividends - 8% if the beneficial owner …