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S. Korea, Czech Republic sign revised anti-double taxation agreement

2018/01/12 14:11

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SEOUL, Jan. 12 (Yonhap) -- South Korea and the Czech Republic signed a revised taxation agreement Friday to step up cooperation against double taxation and tax evasion, the foreign ministry here said.

Foreign Minister Kang Kyung-wha and Tomas Husak, the Czech Republic's ambassador to South Korea, signed the agreement at a ceremony in Seoul, according to the ministry.

The agreement, which is subject to parliamentary approval, is a revision to an existing anti-tax evasion accord that went into effect in 1995.

The move aims to reflect changes in the two countries' economic relationship, while strengthening cooperation against tax evasion and double taxation on income earned by their citizens who are working in the other country, the ministry said.

kokobj@yna.co.kr

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