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June 26, 2026

This Agreement between Oman and the Republic of Korea, signed in 2005, aims to prevent double taxation on income. It applies to taxes like corporate and personal income tax in both states. Key withholding tax rates are set for dividends at 5% for a direct holding of at least 10% and 10% otherwise. The rate for interest is 5%, with an exemption for interest paid to the Government. Royalties are taxed at a maximum of 8%. The Agreement defines a permanent establishment through criteria including a construction project lasting more than 9 months, or the furnishing of services for more than an aggregate of 9 months within any 12-month period.

Convention between the Government of the REPUBLIC OF KOREA and the Government of the SULTANATE OF OMAN for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income

Signed at Seoul September 23, 2005

Entered into force February 13, 2006

The Government of the Republic of Korea and the Government of the Sultanate of Oman, Desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income,

Have agreed as follows:

Contents

Article 1 - Persons Covered

Article 2 - Taxes Covered

Article 3 - General Definitions

Article 4 - Resident

Article 5 - Permanent Establishment

Article 6 - Income from Immovable Property

Article 7 - Business Profits

Article 8 - Shipping and Air Transport

Article 9 - Associated Enterprises

Article 10 - Dividends

Article 11 - Interest

Article 12 - Royalties

Article 13 - Capital Gains

Article 14 - Independent Personal Services

Article 15 - Income from Employment

Article 16 - Directors' Fees

Article 17 - Artistes and Sportsmen

Article 18 - Pensions

Article 19 - Government Service

Article 20 - Students and Apprentices

Article 21 - Professors and Researchers

Article 22 - Other Income

Article 23 - Methods for Elimination of Double Taxation

Article 24 - Non-Discrimination

Article 25 - Mutual Agreement Procedure

Article 26 - Exchange of Information

Article 27 - Members of Diplomatic Missions and Consular Posts

Article 28 - Protocol to the Agreement

Article 29 - Entry into Force

Article 30 - Termination

Article 31 - Protocol

Article 1
Persons Covered

This Agreement shall apply to persons who are residents of one or both of the Contracting States

Article 1Persons Covered

Article 2Taxes Covered

Article 1
Persons Covered

Article 2
Taxes Covered