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French Supreme Court Holds Korean Pension Fund Not Eligible for Exemption on Dividends

|Approved Changes|France
France

The French Supreme Administrative Court (Conseil d'Etat) recently issued its decision concerning the correct withholding tax treatment for dividends paid by a French company to the Korean National Pension Service (NPS), which is the pension fund in charge of the general Korean old-age insurance scheme. In the tax year 2013, dividends paid to the NPS were initially subject to withholding tax at …

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