The agreement will provide legal certainty for eliminating double taxation on income and capital in Lithuania and Andorra. At the same time, closer cooperation between the tax administrations of both countries will be ensured, preventing tax avoidance and enabling effective resolution of disputes related to double taxation. Currently, there are 58 international double taxation avoidance agreements in force in Lithuania.
The foreign ministers also signed a Memorandum of Understanding between the Ministries of Foreign Affairs of Lithuania and Andorra, according to which Andorra will contribute to the Lithuanian Development Cooperation and…
