The income tax treaty between Andorra and Hungary entered into force on 8 December 2022. The treaty, signed 8 October 2021, 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 for fiscal non-residents, and tax payable on the increase in value in immovable property transfers. It covers Hungarian personal income tax and corporate tax. Withholding Tax Rates Dividends - 0% if the beneficial owner is a company; otherwise, 10% Interest - 0% Royalties - 5% Capital Gains The following capital gains derived by a...