World Intellectual Property Organization

Democratic People's Republic of Korea

Regulations for the Implementation of the Law on Foreign-Invested Business and Foreign Individual Tax (approved by Decision of June 14, 2002, of the Cabinet)

Date of Text (Issued):June 14, 2002
Type of Text:Implementing Rules/Regulations
Subject Matter:Other
Notes:
Article 1 states that these Regulations are intended to ensure proper implementation of the Law on Foreign-Invested Business and Foreign Individual Tax and to establish a disciplined system in tax payment.
Article 36 states incomes from the licensing of intellectual property rights and technical know-how are subject to personal income tax.
Articles 38(2) and 40(3) provide for personal income tax on royalties from intellectual property rights and technical know-how.
Article 54 states that a foreign individual who has inherited intellectual property rights in the territory of the State shall pay inheritance tax.
Available Texts: 
English

Regulations for the Implementation of the Law on Foreign-Invested Business and Foreign Individual Tax (approved by Decision of June 14, 2002, of the Cabinet) Regulations for the Implementation of the Law on Foreign-Invested Business and Foreign Individual Tax (approved by Decision of June 14, 2002, of the Cabinet), Complete document (pdf) [47 KB]

Related Legislation:
WIPO Lex No.:KP015

Explore WIPO