According to an update from UK HMRC, the income and capital tax treaty with San Marino entered into force on 30 November 2023. The treaty, signed 17 May 2023, is the first of its kind between the two countries. Taxes Covered The treaty covers San Marino general income tax levied on individuals and on bodies corporate and proprietorships. It covers UK income tax, corporation tax, and capital gains tax. Residence If a person other than an individual is considered resident in both Contracting States, the competent authorities will determine the person's residence for the purpose of the treaty through mutual...