On 30 March the Czech Senate (upper chamber of Parliament) approved for ratification the income and capital tax treaty with Andorra, according to information published on its website.
The treaty, which was signed 23 November 2022, in Andorra la Vella stipulates that dividends are taxable at 5 percent if the beneficial owner is a company (other than a partnership) that directly holds at least 10 percent of the capital of the payer company. A 10 percent rate applies to dividends in other cases…