Tax agreement between Andorra and South Korea to eliminate double taxation

On Thursday, March 23, the delegations of the Principality of Andorra and South Korea finalized in person in the Principality the negotiations of the agreement to eliminate double taxation (CDI), regarding income taxes and the prevention of evasion and avoidance fiscal.

The negotiations have concluded with theheading of the text agreed by both parties, as a starting point for Andorra and South Korea to begin the internal procedures that must allow them to sign the text and its subsequent approval by the two States.

This is the second agreement to avoid double taxation and prevent tax evasion that Andorra has with an Asian country and in total the 16th agreement negotiated by Andorra and added to the United Arab Emirates, Spain, France, Liechtenstein, Luxembourg, Malta, Portugal, Cyprus, San Marino, Hungary, the Czech Republic, the Netherlands, Croatia, Monaco and Iceland.

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