The income tax treaty between Andorra and South Korea was signed on 3 November 2023. The treaty 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 Korean income tax, corporation tax, the special tax for rural development, and local income 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 the treaty...