How are pensions taxed under the South Korea-Turkey tax treaty?
Under the South Korea-Turkey tax treaty, private pensions are generally taxable only in the country of residence — meaning no withholding tax applies at source (0%). This is favorable for retirees who have moved between the two countries, as their pension income will not be subject to double taxation. Government pensions may have different rules under a separate treaty article. This 0% rate compares to a median of 0% across South Korea's 48 active treaty partners, and 0% across Turkey's 37 active partners.
Network Comparison
South Korea
Rank 45 of 48 active treaties (lowest rate = #1)
Lower rates with: Singapore (0%), Slovak Republic (0%), Thailand (0%)
Higher rates with: United States (0%), Vietnam (0%), South Africa (0%)
Turkey
Rank 22 of 37 active treaties (lowest rate = #1)
Lower rates with: India (0%), Italy (0%), Japan (0%)
Higher rates with: Luxembourg (0%), Malaysia (0%), Netherlands (0%)