Korea, Rep of Tax News

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Protocol to treaty between Korea (Rep.) and Kuwait enters into force

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Protocol to treaty between Switzerland and Korea (Rep.) signed and details

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Treaty between Estonia and Korea (Rep.) enters into force

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Treaty between Iceland and Korea (Rep.) – details

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Tax law changes for 2010 – direct tax

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Tax law changes for 2010 – direct tax

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Treaty between Korea (Rep.) and Qatar enters into force

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Treaty between Latvia and Korea (Rep.) will enter into force

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Treaty between Korea (Rep.) and Algeria enters into force

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Treaty between Korea (Rep.) and Saudi Arabia enters into force

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Treaty between Korea (Rep.) and Saudi Arabia – details

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Withholding tax rate reduced to 22%

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Treaty between Latvia and Korea (Rep.) ratified

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Treaty between Iceland and Korea (Rep.) enters into force

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2008 tax reform proposals – further details

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Proposed reductions to tax rates/base

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Indian decision that income of South Korean entity from offshore supply of equipment not taxable in India

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OECD released 2008 Model Tax Convention

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Proposed reductions to tax rates/base

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Discussion draft on New Art. 7 of OECD Model – details

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OECD Council approves 2008 Model Tax Convention

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Comments on draft contents of 2008 update to Model Tax Convention published

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Consolidated taxation system proposed

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Protocol to treaty between Kuwait and Korea (Rep.) signed

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Treaty between Iceland and Korea (Rep.) signed

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Draft of 2008 Model Tax Convention – Proposed changes to Commentary to Art. 12 (definition of royalties)

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Treaty between Korea (Rep.) and Venezuela enters into force

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New administration to reduce corporate tax rates

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Treaty between Korea (Rep.) and Thailand – details

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Treaty between Thailand and Korea (Rep.) signed and in force

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