Double Taxation Relief (Republic of Korea) Order 1983

2 Giving effect to Convention
  • It is hereby declared that the arrangements specified in the Convention set out in Schedules 1 and 2, being arrangements that have been made with the Government of the Republic of Korea with a view to affording relief from double taxation in relation to income tax and excess retention tax imposed under the Income Tax Act 1976 and the income tax, the corporation tax, and the inhabitant tax imposed by the laws of the Republic of Korea, shall, in relation to income tax and excess retention tax imposed under that Act, and notwithstanding anything in that Act or any other enactment, have effect from 1 April 1981 according to the tenor of the Convention.

    Clause 2: amended, on 25 September 1997, by clause 2(1) of the Double Taxation Relief (Republic of Korea) Amendment Order 1997 (SR 1997/167).