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 immovable property transfers. It covers Monaco profit tax on business income levied on natural persons and corporate income tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of...