Andorra has announced in a notice in the Official Gazette on 18 February 2025 that it had ratified its pending income and capital tax treaty with Latvia.
The agreement between Andorra and Latvia aims to eliminate double taxation with respect to taxes on income and on capital and to prevent tax evasion and avoidance.
Signed on 21 September 2024, this is the first treaty between the two countries. It will take effect after ratification instruments are exchanged and apply from 1 January of the following year.
Earlier, Andorra’s General Council approved the ratification of the income and capital tax treaty with Latvia on 23 January 2025. Latvia also approved the ratification of a new income tax treaty with Andorra on 12 December 2024.