On 15 July 2024, the Andorran General Council (parliament) approved the ratification of the pending income tax treaty with Lithuania. The treaty, signed 17 April 2024, 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 capital gains tax on property transfers. It covers Lithuanian income tax, profit tax, and property tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities of the Contracting States will determine its residence for the purpose of...