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Limited tax rate by country
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2021-04-27
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  • Limited tax rate by country
    (As of Feb 2018)
    This table summurizes  provisions  of tax treaties between Korea and other countries
    contracting country effective date taxes covered limited tax rate (withholding tax) effective period remarks
    Korea contracting country interest income dividend income royalty income withholding tax others
    (realestate income, business income)
    Netherlands
    (revisioned Apr 2, 1999)
    81.4.17. income tax income tax loan longer than 7yrs: 10% corporation more than 25%: 10% others: 10% payments after Jan 1, 1981 busines year after Jan 1, 1982 protocol
    corporate tax wage tax others: 15% others: 15% copy rights: 15%
    local income tax corporate tax      
      dividend tax      
    rural development tax        
    New Zealand
    (revisioned Oct 10, 1997)
    83.4.22. income tax income tax 10% 15% 10% Korea: payment after Jan 1, 1981 Korea: taxable year after Jan 1, 1981 protocol
    corporate tax accumulated earning tax New Zealand: income year after Apr 1, 1981 New Zealand: income year after Apr 1, 1981
    local income tax      
    Germany
    (revisioned Oct 31, 2002)
    78.5.4. income tax income tax 10% corporation more than 25%: 5% equipment use: 2% payments after Jan 1, 2003 taxable year after Jan 1, 2003 protocol
    corporate tax corporate tax others: 15% others: 10%
    capital tax capital tax    
    rural development tax sales tax
    (including additional tax on it)
       
    Russia 95.8.24. income tax tax on profits of corporations and similar corporations None more than 30% & $100 thousand: 5% 5% payments after Jan 1, 1996 taxable year after Jan 1, 1996  
    corporate tax taxes on income from banks others: 10%
    local income tax taxes on income generated from insurance activities  
      taxes on income tax  
    Malaysia 83.1.2. income tax income tax 15% corporations with more than 25%: 10% others: 10% payments after Jan 1, 1982 taxable year after Jan 1, 1982 protocol
    corporate tax excess profit tax others: 15%/td> copyrights:15%
    (academic copyrights: 10%)
    local income tax additional taxes including tin profits income, development income, timber profits income    
      patroleum income tax    
    Mexico 95.2.11. income tax income tax bank: 5%
    ( for 5 years from the date after it is taken into effect : 5% )
    corporation with more than 10%: 0% 10% payments after Jan 1, 1996 taxable year after Jan 1, 1996 protocol
    corporate tax simple tax rate others: 15%/td> others: 15%
    local income tax      
    US 79.10.20. income tax federal income tax 12% corporations with more than 10% & below 25% of devidened income from provisional corporation: 10% copy rights & film: 10% payments after Dec 1, 1979 taxable year after Jan 1, 1980  
    corporate tax others: 15% others: 15%
    Vietnam 94.9.9. income tax personal income tax 10% 10% industrial investment including patent right:5% payments after Jan 1, 1995 taxable year after Jan 1, 1995 protocol
    corporate tax interest tax & interest remittance tax others: 15%
    local income tax    
    Belgium 79. 9.19 income tax personal income tax 10% 15% 10% payments after Jan 1, 1997 taxable year after Jan 1, 1997  
    96.12.31(revisioned) corporate tax corporate tax
      residence tax NGO tax
        non-resident income tax
        special tax on personal income tax
    15.12.1 payments after Jan 1, 2016 taxable year after Jan 1, 2016 protocol with 25th provision revisioned
    Brazil
    (revised 18.1.10.)
    91.11.21. income tax federal income tax loan longer than 7yrs: 10% 10% trademark rights: 25% payments after Jan 1, 1992 taxable year after Jan 1, 1992 protocol
    corporate tax others: 15% copy rights: 10%
    (payments after Jan 1, 1998
    local income tax   others: 10%
    ( payments after Jan 1, 2006)
    Saudi Arabia 08.12.1. income tax religion tax 5% corporations with more than 25%
    (excluding partnership): 5%
    industrial, commercial, academic information: 5% withholding tax amount imposed after Jan 1, 2009 taxable year after Jan 1, 2009 protocol
    corporate tax income tax including natural gas investment tax others: 10% others: 10%
    rural development tax      
    local income tax      
    Sweden 82.9.9. income tax central government income tax including sailor's tax and lottery tax loans longer than 7 years: 10% corporations with more than 25%: 10% others: 10% payments after Jan 1, 1981 business year after Jan 1, 1981 protocol
    corporate tax taxes on dividends from saving of corporation, capital reduction and liquidation others: 15% others: 15% copy rights: 15%
    local income tax a tax in addition to local income tax      
    Swiss
    (revisioned in 12.7.25)
    81.4.22. income tax federal tax on income bank receopt: 5% corporations with more than 10%
    (except partnership corporations):5%
    5% payments after Jan 1, 2013 business year after Jan 1, 2013 protocol
    corporate tax liquor tax others: 10% others: 15%
    local income tax local body tax    
    rural development tax      
    Spain 94.11.21. income tax personal income taxㆍcorporate tax 10% (except interests credit sales) corporations with more than 25%:10% 10% payments after Jan 1, 1995 taxable year after Jan 1, 1995 protocol
    corporate tax local tax related to land price increase in rural areas others: 15%
    local income tax    
    Singapore
    (revisioned in June 28, 2013)
    81.2.11. income tax income tax 10% corporations with more than 25%:10% 15% payments after Jan 1, 1979 business year after Jan 1, 1979 protocol
    corporate tax others: 15%
    local income tax  
    United Arab Emirates 05.3.9. income tax income tax 10% corporations with more than 10%:5% 0% payments after Jan 1, 2003 taxable year after Jan 1, 2003 protocol
    corporate tax corporate tax others: 10%
    local income tax    
    rural development tax    
    Ireland 91.12.27. income tax income tax 0% corporations with more than 10%:10% 0% payments after Jan 1, 1992 business year after Jan 1, 1992 protocol
    corporate tax corporate tax others: 15%
    local income tax transfer income tax  
    UK
    (revisioned 96.12.30.)
    78.5.13. income tax income tax 10% shareholders with more than 25% (except union):5% equipment use: 2% payments after Jan 1, 1997 taxable year after Jan 1, 1997 Letter of Exchange
    corporate tax corporate tax others: 15% others: 10%
    local income tax transfer income tax    
    rural development tax      
    Italy
    (revisioned  15.1.23.)
    92.7.14. income tax personal income tax 10% corporations with more than 25%:10% 10% payments after Jan 1, 1993 business year after Jan 1, 1993 protocol
    corporate tax corporate tax others: 15%
    local income tax local tax for productive activities  
    (old) India 86.8.31. income tax income tax bank: 10% corporations with more than 20%: 15% 15% Korea: payments after Jan 1, 1986 Korea: taxable year after Jan 1, 1986 protocol
    corporate tax corporate VAT others: 15% others: 20% India: payments after Apr 1, 1986 India: income year after Apr 1, 1986
    local income tax          
    India revisioned in 2016.9.12. income tax income tax (VAT incl.) 10% beneficial owner: 15% beneficial owner : 10%
    (based on payment place)
    payments after Jan 01, 2017 taxable year after Jan 1, 2017 revision of protocol
    corporate tax
    rural development tax
    Indonesia 89.5.3. income tax income tax 10% corporations with more than 25% (except union):10% 15% payments after Jan 1, 1990 business year after Jan 1, 1990 protocol
    corporate tax corporate tax to the extent of provision in income tax others: 15%
    local income tax taxation on interest, dividend, royalty  
    Japan
    (revision 99.11.22.)
    99.11.22. income tax income tax 10% owning more than 25% in immediate 6 preceeding months:5%
    ( until the end of 2003 10%)
    10% payments after Jan 1, 2000 taxable year after Jan 1, 2000 protocol
    corporate tax corporate tax others: 15%
    local income tax local income tax  
    rural development tax local corporation
    (taxable year after Oct 1, 2014)
     
    China
    (ex. Hognkong, Taiwan, Macao)(revision 06.7.4)
    94.9.28. income tax personal income tax 10% corporations more than 25% (union excl): 5% 10% payments after Jan 1, 1995 business year after Jan 1, 1995 protocol
    corporate tax income tax and local income tax exemption for foreign invested companies and foreign companies others: 10%
    local income tax    
    Qtar 09.4.15. income tax income tax 10% 10% 5% withholding tax amount after Jan 1, 2010 taxable year after Jan 1, 2010 protocol
    corporate tax
    rural development tax
    Canada
    ( revison  06.12.18.)
    80.12.19. income tax income tax 10% corporations with more than 25%(union excl.):5% 10% payments after Jan 1, 2007 taxable year after Jan 1, 2007 protocol
    corporate tax others: 15%
    local income tax  
    rural development tax  
    Thailand
    (revision 07.6.29.)
    07.6.29.(개정후) income tax income tax financial institutions (insurance company):10% 10% software, broadcast tape, scientific work:5% payments after Jan 1, 2008 taxable year after Jan 1, 2008 protocol
    corporate tax petroleum income tax interest from sale on credit:10% patent and trade mark :10%
    local income tax   government, governmental invested financial institutions: exemption industrial, commercial, scientific equipment and knowhow:15%
    rural development tax   others: 15%  
    income tax 86.3.27. income tax income tax after two years: 10% corporation with more than 25% (union excl.):15% 10% payments after Jan 1, 1987 taxable year after Jan 1, 1987 protocol
    corporate tax corporate tax others: 15% others: 20%
    local income tax      
    Portugal 97.12.21. income tax corporate income tax 15% corporate tax with more than 25%10% 10% payments after Jan 1, 1998 taxable year starting after Jan 1, 1998  
    corporate tax corporate income tax others: 15%
    local income tax local tax imposed on corporate income tax  
    rural development tax    
    France
    (revision 92.3.1.)
    92.3.1. income tax income tax 10%
    (interest from credit sales excl.)
    corporations with more than 10%:10% 10% payments after March 1, 1992 individual: profits geterated after March 1, 1992ㆍ protocol
    corporate tax corporate tax others: 15% corporation: business year starting after March 1, 1992ㆍ
    local income tax      
    Australia 84.1.1. income tax iincome tax
    (including additonal tax on reserves of dividends of  corporations not open to the public
    15% 15% 15% Korea: income generated after Jan 1, 1982 Korean: business year after Jan 1, 1982 protocol
    corporate tax Australia: income generated after Jan 1, 1982 Australia: income year after July 1, 1982
    local income tax    
    Hong Kong 2016.9.27. income tax, corporate tax, rural development tax, local income tax profit tax 10% owning minimum 25% of company that provides dividends by beneficial owners except partnership :10% beneficial owner: 10% payments after April 1m, 2017 business year beginning after Jan 1, 2017  
    payroll tax others: 15%
    property tax  
    source: samil infomine
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