March 29, 2024
News

North Korea making agreements for foreign investment

Though North Korean labor more expensive than previously thought - RFA

The DPRK government made agreements promoting mutual investment and preventing double taxation for foreign investors, particularly highlighting cooperation with Russia, according to an article from the Korean Central News Agency (KCNA) published this week.

Governments often form tax treaties on double taxation to avoid businesses paying tax on the same income in two different countries.

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