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Regulations for the Implementation of the Law on Foreign-Invested Business and Foreign Individual Tax (as amended by Decision No. 88 of December 26, 2002, of the Cabinet), Democratic People's Republic of Korea


Latest Version in WIPO Lex
Year of Version 2002 Dates Adopted: 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 Main text(s) Main text(s) Korean 외국인투자기업 및 외국인세금법 시행규정 (2002년 12월 26일 내각결정 제88호로 수정) PDF HTML
Legislation Relates to (1 text(s)) Relates to (1 text(s))
Law on Foreign-Invested Business and Foreign Individual Tax of the Democratic People's Republic of Korea (as amended up to Decree No. 3400 of November 7, 2002, of the Presidium of the Supreme People's Assembly) (KP033)
Supersedes (1 text(s)) Supersedes (1 text(s))
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)(KP015)

WIPO Lex No. KP034