- 1.
- The competent authorities of the two States will automatically provide each other with information about: a)
- income, consisting of salaries, wages and other similar remuneration (OECD code 15); b)
- directors' fees (OECD code 16); c)
- premiums, attendance fees, foreign residence allowances, annual fees and similar fees (OECD code 14); d)
- income of artists and athletes (OECD code 17); e)
- income from self–employment (OECD code 14); f)
- income from pensions, annuities, social security benefits and other similar remuneration (OECD codes 18 and 19); g)
- immovable property (OECD code 6),
- as far as the Netherlands is concerned: ownership and value of immovable property,
- as far as Korea is concerned: income from immovable property; h)
- dividends (OECD code 10); i)
- interest (OECD code 11); j)
- royalties (if available, OECD code 12); k)
- capital gains (if available, OECD code 13); l)
- commissions and other similar payments (OECD code 14); m)
- other income (OECD code 21). 2.
- The information referred to in Paragraph 3.1 will be provided periodically, at least once per calendar year. The information with regard to a certain calendar year will be provided as soon as possible after the end of the calendar year it relates to. 3.
- If it should appear that the information provided within the scope of the automatic exchange of information is incorrect or incomplete, the competent authorities will contact each other to correct the information as soon as possible. 4.
- This paragraph will be applicable for the first time to information regarding the calendar year 2014.
