"The World and Japan" Database (Project Leader: TANAKA Akihiko)
Database of Japanese Politics and International Relations
National Graduate Institute for Policy Studies (GRIPS); Institute for Advanced Studies on Asia (IASA), The University of Tokyo

[Title] Protocol, Convention between Japan and the Republic of Korea for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income

[Place] Tokyo
[Date] March 03, 1970
[Source] United Nations Treaty Collection
[Notes]
[Full text]

At the signing of the Convention between Japan and the Republic of Korea for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, the undersigned have agreed as follows:

1. A resident or corporation of Japan shall be exempt from the business tax of the Republic of Korea on revenue derived from the supply of products or services contracted on or after the date of the entry into force of the aforementioned Convention in accordance with the provisions of paragraph 1 (a) or (b) of Article 1 of the Agreement on the Settlement of Problems concerning Property and Claims and on the Economic Cooperation between Japan and the Republic of Korea, signed at Tokyo on June 22, 1965.

2. A resident or corporation of Japan shall be exempt from the business tax of the Republic of Korea on revenue derived from transactions made under contracts, concluded on or before December 31, 1967 and falling under the capital goods inducement contracts as provided for in the Foreign Capital Inducement Law of the Republic of Korea.

3. This Protocol shall come into force on the date of the entry into force of the aforementioned Convention.

DONE in duplicate at Tokyo on this third day of March of the year one thousand nine hundred and seventy in the English language.

For Japan:

KIICHI AICHI

For the Republic of Korea:

HU RAK LEE