Scribd Logo
Upload

Welcome to Scribd!

  • 0 views

    Notice

    Uploaded by

    sanskript78

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Notice

    Uploaded by

    sanskript78
    0 views2 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    0 views2 pages

    Notice

    Uploaded by

    sanskript78

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    TongRo Images Inc.

    TongRo bldg, #3-6 Supyoro, Jung-Gu, Seoul, Korea, 100-861


    Tel : +82-2-2270-1707
    Fax : +82-2-2270-1717

    Tax document submission notice


    Dear contributor,

    We would like to request you to submit ①application for reduced tax rate, ②residence of
    certificate and ③copy of passport. From April payment, according to the Income Tax Law and Tax
    Reduction and Exemption Control Act of Korea, we cannot send you the royalty applied reduced tax rate
    without three documents. This regulation will be applied from 5th April 2018 payment.

    We cannot process the payment without passport number. Therefore if you still didn’t submit the copy of
    passport, please provide us by answering this e-mail with application and certificate.

    The application for reduced tax rate should be submitted by contributor to remunerator and is effective
    for 3 years under the law. If the residence is changed, this application should be submitted again with
    new residence because the withholding tax varies on the country.

    The below table is about the tax treaty provisions between Republic of Korea and each country. Please
    refer this information for entering the blank of 2.Claim of Tax Treaty Provisions from the application.

    Article__ Paragraph__ Subparagraph__ Type of Income___ Tax Rate___%


    Country
    제_조 제_항 제__호 ___소득 세율___%
    Ukraine 12 2 ROYALTIES 5%
    Russia 12 2 ROYALTIES 5%
    Belarus 12 2 ROYALTIES 5%

    Serbia 12 2 a ROYALTIES 5%
    United States 12 2 ROYALTIES 10%
    Finland 12 2 ROYALTIES 10%
    Italy 12 2 ROYALTIES 10%

    Hong Kong 12 2 ROYALTIES 10%


    Latvia 12 2 b ROYALTIES 10%
    Canada 12 2 ROYALTIES 10%
    Estonia 12 2 b ROYALTIES 10%

    Germany 12 2 b ROYALTIES 10%


    UK 12 2 b ROYALTIES 10%

    Norway 12 2 a ROYALTIES 15%


    Denmark 12 2 b ROYALTIES 15%

    Sweden 12 2 a ROYALTIES 15%


    Japan 12 2 ROYALTIES 10%
    France 12 2 ROYALTIES 10%
    Kyrgyzstan 12 2 b ROYALTIES 10%
    Also the Korean government accepts only Korean version application form. Therefore we’re
    sending you the English version reference together. You can fill out the blank provided with English but
    the form should be Korean. Please send us by answering this e-mail and be informed that the
    submitted form should be Korean version.

    The certificate of residence also has to be submitted with above two documents to prove your residence.
    This certificate should be issued by government and the issuing date should be less than one month (30
    days). It should be stored for 5 years and renewed for every 3 years under the law.

    If you are fine to receive 22% withholding tax deducted royalty, please let us know. If you send us
    passport, it will be processed the payment.

    This e-mail is sent to entire contributors regardless of documents submitted. If you have already
    submitted the passport, please provide us two documents except the passport.

    Best regards,
    TongRo Team

    You might also like