DRs - Double Taxation Treaties concluded by South Korea and currently in force
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 assumes that the beneficial owner does not hold a substantial percentage of the share capital of the company paying the dividend. Different rates may apply for substantial holdings. Please refer to the actual DTT or your tax advisor for further information.
The standard rate of withholding tax on income from South Korean equities is 20% before any refund. An additional residents' surtax of 10% is imposed, resulting in an effective withholding tax rate of 22%.
| Country | Rate prescribed by the DTT - Dividends (%) | Tax refund available (%) |
Albania | 10 | 12 |
Algeria | 15 | 7 |
Australia | 15 | 7 |
Austria | 15 | 7 |
Azerbaijan | 7 | 15 |
Bahrain | 10 | 12 |
Bangladesh | 15 | 7 |
Belarus | 15 | 7 |
Belgium | 15 | 7 |
Brazil | 10 | 12 |
Brunei | 10 | 12 |
Bulgaria | 10 | 12 |
Canada | 15 | 7 |
Chile | 10 | 12 |
China | 10 | 12 |
Colombia | 11 | 11 |
Croatia | 10 | 12 |
Czech Republic | 5 | 17 |
Denmark | 15 | 7 |
Ecuador | 10 | 12 |
Egypt | 15 | 7 |
Estonia | 10 | 12 |
Ethiopia | 8 | 14 |
Fiji | 15 | 7 |
Finland | 15 | 7 |
France | 15 | 7 |
Gabon | 15 | 7 |
Georgia | 10 | 12 |
Germany | 15 | 7 |
Greece | 15 | 7 |
Hong Kong | 15 | 7 |
Hungary | 10 | 12 |
Iceland | 15 | 7 |
India | 15 | 7 |
Indonesia | 15 | 7 |
Ireland | 15 | 7 |
Israel | 15 | 7 |
Italy | 15 | 7 |
Japan | 15 | 7 |
Jordan | 10 | 12 |
Kazakhstan | 15 | 7 |
Kenya | 10 | 12 |
Kuwait | 5 | 17 |
Kyrgyzstan | 10 | 12 |
Laos | 10 | 12 |
Latvia | 10 | 12 |
Lithuania | 10 | 12 |
Luxembourg | 15 | 7 |
Malaysia Labuan | 22 | 0 |
Malaysia Others | 15 | 7 |
Malta | 15 | 7 |
Mexico | 15 | 7 |
Mongolia | 5 | 17 |
Morocco | 10 | 12 |
Myanmar | 10 | 12 |
Nepal | 10 | 12 |
Netherlands | 15 | 7 |
New Zealand | 15 | 7 |
Norway | 15 | 7 |
Oman | 10 | 12 |
Pakistan | 12.5 | 9.5 |
Panama | 15 | 7 |
Papua New Guinea | 15 | 7 |
Peru | 10 | 12 |
Philippines | 22 | 0 |
Poland | 10 | 12 |
Portugal | 15 | 7 |
Qatar | 10 | 12 |
Romania | 10 | 12 |
Russia | 10 | 22 |
Saudi Arabia | 10 | 12 |
Serbia | 10 | 12 |
Singapore | 15 | 7 |
Slovakia | 10 | 12 |
Slovenia | 15 | 7 |
South Africa | 16.5 | 5.5 |
Spain | 15 | 7 |
Sri Lanka | 15 | 7 |
Sweden | 15 | 7 |
Switzerland | 15 | 7 |
Tajikistan | 10 | 12 |
Thailand | 10 | 12 |
Tunisia | 15 | 7 |
Turkey | 20 | 2 |
Turkmenistan | 10 | 12 |
Ukraine | 15 | 7 |
United Arab Emirates | 10 | 12 |
United Kingdom | 15 | 7 |
United States of America | 16.5 | 5.5 |
Uruguay | 15 | 7 |
Uzbekistan | 15 | 7 |
Vietnam | 10 | 12 |