- 1
- An individual who immediately before visiting one of the States is a resident of the other State and is temporarily present in the first-mentioned State for the primary purpose of:
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- a)studying at a recognised university, college or school in that first-mentioned State; or
- b)securing training as a business apprentice,
- shall be exempt from tax in the first-mentioned State in respect of:
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- (i)all remittances from abroad for the purpose of his maintenance, education or training, and
- (ii)any remuneration for personal services performed in the first-mentioned State in an amount that does not exceed 5,000 Netherlands guilders or its equivalent in Korean Won for any taxable year.
- The benefits under this paragraph shall only extend for such period of time as may be reasonable or customarily required to effectuate the purpose of the visit.
- 2
- An individual who immediately before visiting one of the States is a resident of the other State and is temporarily present in the first-mentioned State for a period not exceeding three years for the purpose of study, research or training solely as a recipient of a grant, allowance or award from a scientific, educational, religious or charitable organization or under a technical assistance programme entered into by one of the States, a political subdivision or a local authority thereof shall be exempt from tax in the first-mentioned State on:
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- a)the amount of such grant, allowance or award; and
- b)all remittances from abroad for the purposes of his maintenance, study, research or training; and
- c)any remuneration for personal services performed in the first-mentioned State provided such services are in connection with his study, research or training or are incidental thereto, in an amount that does not exceed 5,000 Netherlands guilders or its equivalent in Korean Won for any taxable year.
- 3
- An individual who immediately before visiting one of the States is a resident of the other State and is temporarily present in the first-mentioned State for a period not exceeding twelve months as an employee of, or under contract with the last-mentioned State, a political subdivision or a local authority thereof, or an enterprise of the last-mentioned State, for the purpose of acquiring technical, professional or business experience, shall be exempt from tax in the first-mentioned State on:
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- a)all remittances from the last-mentioned State for purpose of his maintenance, education or training; and
- b)any remuneration for personal services performed in the first-mentioned State, provided such services are in connection with his study or training or are incidental thereto, in an amount that does not exceed 15,000 Netherlands guilders or its equivalent in Korean Won for any taxable year.
- However, the benefits under this paragraph shall not be granted if the employee or the person working under contract is sent to a company 50 per cent or more of the voting stock of which is owned by the State, the political subdivision or the local authority thereof or the enterprise, having sent the employee or the person working under contract, unless the latter shows proof that he has been sent only to acquire technical, professional or business experience.
