Andorra and Lithuania sign double taxation agreement

Andorra and Lithuania sign a double taxation agreement on 17 April 2024. The foreign ministers of both countries, Gabrielius Landsbergis and Imma Tor, signed this agreement to avoid double taxation at Vilnius, Lithuania. With this new agreement, Andorra has signed 17 DTAs to date. This act took place within the framework of the official visit to Lithuania of the Andorran delegation, made up of the head of government Xavier Espot and the Minister of Foreign Affairs Imma Tor.

The aim of this visit to Lithuania is to reaffirm the collaboration between Andorra and Lithuania in financial matters and international cooperation and to share the main challenges facing both countries. First, the head of the Andorran government, Xavier Espot, met with the Prime Minister of Lithuania, Ingrida Šimonytė. At this meeting they shared different areas of bilateral cooperation, especially financial cooperation.

This new agreement, in which Andorra and Lithuania sign the double taxation agreement, will foster a more favourable environment for investment and trade between the two countries.

On Andorra’s association agreement with the European Union

As part of the working agenda, the two delegations addressed other issues, such as the process of bringing the Principality of Andorra closer to the European Union through the Association Agreement with the EU. This Agreement will allow participation in the EU’s internal market, while respecting Andorra’s particularities and specificities. Lithuania’s contribution was to share its experience during the process of adaptation to the EU, 20 years after becoming a member country. They also explained that joining the EU favoured the country’s economic development and external relations.