Double Taxation Agreements
Entry Into Force of Updated Tax Agreement With The Republic of Korea
17 December 2019
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1. The updated Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic of Korea, signed on 13 May 2019, will enter into force on 31 December 2019.
2. The updated DTA enhances the cross-border trade and investment between both countries. Amongst other changes, this update lowers the withholding tax rate for royalties and expands the scope of capital gains tax exemption.
3. The full text of the DTA is available here.
MINISTRY OF FINANCE
17 December 2019