Update - Tax Treaty between Cambodia and South Korea

The income tax treaty between Cambodia and South Korea was signed on 25 November 2019. The treaty is the first of its kind between the two countries.

Taxes Covered

The treaty covers Cambodian tax on profit including withholding tax, additional profit tax on dividend distribution and capital gains tax, and tax on salary. It covers Korean income tax, corporation tax, the special tax for rural development, and local income tax.

Natural Resources PE

The treaty includes the provision that a …