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What is the interest withholding rate between Greece and South Korea?
Under the Greece-South Korea tax treaty, the withholding rate on interest is 8%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 8% rate compares to a median of 10% across Greece's 29 active treaty partners, and 10% across South Korea's 48 active partners.
Network Comparison
Greece
Rank 12 of 29 active treaties (lowest rate = #1)
Lower rates with: Austria (8%), Denmark (8%), Spain (8%)
Higher rates with: South Africa (8%), Australia (10%), Belgium (10%)
South Korea
Rank 7 of 48 active treaties (lowest rate = #1)
Lower rates with: Russia (0%), Chile (5%), Saudi Arabia (5%)
Higher rates with: Austria (10%), Belgium (10%), Brazil (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.