On 31 January 2023, the Andorran General Council (parliament) approved the ratification of the pending income and capital tax treaty with Monaco. The treaty, signed 1 December 2022, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Andorran corporate income tax, personal income tax, tax on income of non-residents, and tax payable on capital gains in immovabl…