South Korea & Malta Double Tax Treaty


The Double Taxation Relief Treaty between Malta and South Korea was signed in Valletta on 25 March 1997 and is currently in force since 21 March 1998. The main features of the Double Tax Treaty Malta South Korea are as follows:

Korean Withholding Taxes

Dividend Income

The Double Tax Treaty Malta South Korea states that the maximum Korean withholding tax on dividends distributed by a Korean resident company to a Maltese resident company where the Maltese resident company holds at least 25% of the share capital of the Korean resident company is 5%.

In all other cases, the maximum Korean withholding tax is 15%.

Interest Income

The Double Tax Treaty Malta South Korea states that the maximum Korean withholding tax on interest paid by a Korean resident to a Maltese resident beneficial owner of the interest income is 10%.

Royalty Income

The Double Tax Treaty Malta South Korea states that no Korean withholding tax is charged on royalties paid by a Uruguayan resident to a Maltese resident beneficial owner of the royalty income.

Other Income

The Double Tax Treaty Malta South Korea states that pensions and other similar remuneration from Korean sources to a Maltese resident individual may only be taxed in Malta.

However, this does not apply for pensions and other payments made under the social security legislation of South Korea, which are taxable in South Korea only.

Please contact us should you require any more information on the Malta South Korea Double Tax Treaty and the unique tax planning opportunities that may arise. You can email us on enquiries@papilioservices.com or call us directly on +356 2258 2000.


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