On 22 April 2025, San Marino's Grand and General Council (parliament) approved the ratification of the pending income and capital tax treaty with Kuwait. The treaty, signed 27 September 2024, is the first of its kind between the two countries. Taxes Covered The treaty covers Kuwaiti and San Marino income taxes. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement. If no agreement is reached, such person shall not be entitled to any relief or exemption from...