Spain and Andorra have signed an agreement on January 8, 2015, by which both countries pledge to end double taxation with respect to taxes on income.
The agreement refers to the treatment of dividends, interests, fees and capital gains in the same way as the France-Andorra agreement and will enable double taxation to be avoided. Furthermore, a number of anti-abuse clauses have been included with regard to application of the agreement. The new document will enable the promotion of trade and investment relations between Spain and Andorra.
The agreement follows the OECD model agreement. The treaty will enter into force after the two countries exchange ratification instruments.
