The Andorran General Council ratified the income tax treaty with Lithuania. The treaty was signed on 17 April 2024. This is the first of its kind between the two countries.
Tax treaty ratification is the formal process by which countries approve and give legal effect to a tax treaty that has been negotiated and signed between them.
The treaty will take effect once the instruments of ratification are exchanged and will be applicable starting January 1 of the year following its entry into force.