🇰🇷↔🇵🇹
What is the interest withholding rate between South Korea and Portugal?
Under the South Korea-Portugal tax treaty, the withholding rate on interest is 15%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 15% rate compares to a median of 10% across South Korea's 48 active treaty partners, and 10% across Portugal's 28 active partners.
Network Comparison
South Korea
Rank 48 of 48 active treaties (lowest rate = #1)
Lower rates with: South Africa (10%), United States (12%), Australia (15%)
Portugal
Rank 27 of 28 active treaties (lowest rate = #1)
Lower rates with: Spain (15%), Ireland (15%), Italy (15%)
Higher rates with: Turkey (15%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.