Equities – Double Taxation Treaties concluded by South Korea and currently in force

27.03.2024

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 22% before any refund.

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

Cambodia

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

11

11

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

Iran

11

11

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

 

Poland

10

12

Portugal

15

7

Qatar

11

11

Romania

10

12

Russia

10

12

Saudi Arabia

10

12

Serbia

10

12

Singapore

15

7

Slovak Republic

10

12

Slovenia

15

7

South Africa

16.5

5.5

Spain

15

7

Sri Lanka

15

7

Sweden

15

7

Switzerland

15

7

Taiwan

10

12

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

Venezuela

11

11

Vietnam

10

12