<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 10</td><td>5% / 10%</td><td>5% if beneficial owner is a company (other than a partnership) holding directly at least 25% of the capital: 10% in all other cases.</td></tr><tr><td>Interest</td><td>Article 11</td><td>5%</td><td>Exemptions apply for the Government, political subdivisions, local authorities, Central Bank, and specified wholly-owned financial institutions.</td></tr></table>
Convention between the Government of the KINGDOM OF SAUDI ARABIA and the Government of the REPUBLIC OF KOREA for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to Taxes on Income
The Government of the Kingdom of Saudi Arabia and the Government of the Republic of Korea
Desiring to conclude a Convention for the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income,
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