🇨🇱↔🇰🇷
What is the interest withholding rate between Chile and South Korea?
Under the Chile-South Korea tax treaty, the withholding rate on interest is 5%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 5% rate compares to a median of 5% across Chile's 25 active treaty partners, and 10% across South Korea's 48 active partners.
Network Comparison
Chile
Rank 15 of 25 active treaties (lowest rate = #1)
Lower rates with: United Kingdom (5%), Ireland (5%), Italy (5%)
Higher rates with: Mexico (5%), Netherlands (5%), Norway (5%)
South Korea
Rank 5 of 48 active treaties (lowest rate = #1)
Lower rates with: Hungary (0%), Ireland (0%), Russia (0%)
Higher rates with: Saudi Arabia (5%), Greece (8%), Austria (10%)
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.