Debt securities - Double Taxation Treaties concluded by South Korea and currently in force

29.09.2022

Note: Clearstream Banking provides these rates for information purposes only and does not guarantee that this information is correct, complete and accurate. Clearstream Banking does not assume liability for any damages, direct or indirect, that may arise from the reliance on or the use of this information. The rate as prescribed in the DTT may differ depending on the status of the beneficial owner. Please refer to the actual DTT or your tax advisor for further information.

The standard rate of withholding tax on income from debt securities is 15.4% before any refund.

CountryRate prescribed
by the DTT -
Interest (%)
Tax refund
available (%)

Albania

10

5.4

Algeria

10

5.4

Australia

15

0.4

Austria

10

5.4

Azerbaijan

10

5.4

Bahrain

5

10.4

Bangladesh

10

5.4

Belarus

10

5.4

Belgium

10

5.4

Brazil

15

0.4

Brunei

10

5.4

Bulgaria

10

5.4

Cambodia

10

5.4

Canada

10

5.4

Chile

10

5.4

China

10

5.4

Colombia

11

4.4

Croatia

5

10.4

Czech Republic

5

10.4

Denmark

15

0.4

Ecuador

12

3.4

Egypt

15

0.4

Estonia

11

4.4

Ethiopia

7.5

7.9

Fiji

10

5.4

Finland

10

5.4

France

10

5.4

Gabon

10

5.4

Georgia

10

5.4

Germany

10

5.4

Greece

8

7.4

Hong Kong

10

5.4

Hungary

0

15.4

Iceland

10

5.4

India

10

5.4

Indonesia

10

5.4

Iran

11

4.4

Ireland

0

15.4

Israel

10

5.4

Italy

10

5.4

Japan

10

5.4

Jordan

10

5.4

Kazakhstan

10

5.4

Kenya

12

3.4

Kuwait

5

10.4

Kyrgyzstan

10

5.4

Laos

10

5.4

Latvia

10

5.4

Lithuania

10

5.4

Luxembourg

10

5.4

Malaysia

15

0.4

Malta

10

5.4

Mexico

15

0.4

Mongolia

5

10.4

Morocco

10

5.4

Myanmar

10

5.4

Nepal

10

5.4

Netherlands

15

0.4

New Zealand

10

5.4

Norway

15

0.4

Oman

5

10.4

Pakistan

12.5

2.9

Panama

5

10.4

Papua New Guinea

10

5.4

Peru

10

5.4

Philippines

16.5

N/A

Poland

10

5.4

Portugal

15

0.4

Qatar

11

4.4

Romania

10

5.4

Russia

0

15.4

Saudi Arabia

5

10.4

Serbia

10

5.4

Singapore

10

5.4

Slovak Republic

10

5.4

Slovenia

5

10.4

South Africa

11

4.4

Spain

10

5.4

Sri Lanka

10

5.4

Sweden

15

0.4

Switzerland

10

5.4

Tajikistan

8

7.4

Thailand

15

0.4

Tunisia

12

3.4

Turkey

15

0.4

Turkmenistan

10

5.4

Ukraine

5

10.4

United Arab Emirates

10

5.4

United Kingdom

10

5.4

United States of America

13.2

2.2

Uruguay

10

5.4

Uzbekistan

5

10.4

Venezuela

11

4.4

Vietnam

10

5.4