The Lithuanian Parliament (Seimas) has approved the ratification of the income and capital tax treaty with San Marino On 17 December 2024.

Earlier, officials from Lithuania and San Marino signed a tax treaty on 17 May 2024.

This agreement will apply to taxes on income, and on capital imposed, on behalf of a Contracting State or of its local authorities, irrespective of the manner in which they are levied. There will be taxes on income and on capital all taxes imposed on total income; on total capital; or on elements of income or of capital, including taxes on gains from the alienation of movable or immovable property, as well as taxes on capital appreciation.

This agreement, a first between the two nations, will come into force after the exchange of ratification instruments.