Double taxation treaty · signed 2012
South Korea & Peru double tax treaty
South Korea and Peru have a double taxation agreement, signed in 2012, in force. It decides which country taxes your cross-border income and caps the withholding tax on payments between the two, so the same income is not taxed twice.
Withholding tax caps under the treaty
| Payment | Max withholding tax |
|---|---|
| Dividends (qualifying / direct holding) | 10% |
| Dividends (portfolio) | 10% |
| Interest | 15% |
| Royalties | 15% |
Rates from the ICTD Tax Treaties Explorer (coded from the treaty text). Reduced rates usually require you to be a treaty resident and the beneficial owner; confirm the article and any limitation-on-benefits clause before relying on it.
What the South Korea-Peru treaty means for you
If you are tax-resident in South Korea or Peru and receive dividends, interest or royalties from the other country, the treaty caps the tax withheld at source at the rates above, and you generally credit that against tax at home. It also sets tie-breaker rules that decide your single country of residence if both would treat you as resident, which matters when you relocate mid-year.
Compare the two countries head to head: South Korea or Peru. Full profiles: South Korea tax · Peru tax.
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