Bloomberg Tax
May 25, 2023, 5:00 AM

South Korea, Portugal Initial DTA

The South Korean Ministry of Strategy and Finance May 22 announced the May 18 initialing of a DTA with Portugal. The agreement includes measures to: 1) incorporate the standards of the OECD base erosion and profit shifting (BEPS) project; 2) introduce reduced tax rates of 5 percent on dividends and 10 percent on interest for specific taxpayers; and 3) provide rules to combat tax avoidance plans. [South Korea, Ministry of Strategy and Finance, 05/22/23]

Reference: View Press Release. View Index.

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