The income tax treaty between Andorra and Portugal will enter into force on 23 April 2017. The treaty, signed on 27 September 2015, is the first of its kind between the two countries.
The treaty covers Andorran corporate income tax, personal income tax, tax on income of non-residents, and capital gains tax on immovable property transfers. It covers Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax.
The following capital gains derived by a resident of one Contracting State may be taxed by the other State:
Gains from the alienation of other property by a resident of a Contracting State may only be taxed by that State.
Both countries apply the credit method for the elimination of double taxation.
Article 28 (Entitlement to Benefits) includes a number of provisions regarding entitlement to the benefits of the treaty, including that:
The treaty applies from 1 January 2018.
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