Taxes in Europe. Comparative characteristics of tax systems of EU countries, Andorra, San Marino, Monaco and Liechtenstein (corporate taxation)
Andorra and nearest neighbors:
Andorra | Spain | Portugal | France | |
Taxation of companies | ||||
Corporation income tax | 2 or 10% | 30% | 25% | 33.33% |
Capital gains tax | 0-15% | 30% | 25% | 33.33% |
Withholding Tax-Non Treaty (for non-residents) | ||||
Royalties | 5% | 24.75% | 15% | 33.33% |
Interests | 0% | 21% | 25% | – |
Dividents | 0% | 21% | 25% | 25% |
Various Fees | – | 21%; 24.75% | 15%; 21.5% | 33.33% |
Indirect Tax (VAT) | ||||
Value Added Tax (Equivalent). Indirect taxation | 4.5% | 21% | 23% | 21.2% |
Andorra and other tax havens:
Andorra | Liechtenstein | Monaco | San Marino | |
Taxation of companies | ||||
Corporation income tax | 2 or 10% | 12.5% | 33.3% | 17% |
Capital Gains Tax | 0-15% | – | 33.3% | 17% |
Withholding Tax-Non Treaty (for non-residents) | ||||
Royalties | 5% | – | – | 15% |
Interests | 0% | – | – | 13% |
Dividends | 0% | – | – | – |
Varios fees | – | – | – | 15% |
Indirect tax (VAT) | ||||
Value Added Tax (Equivalent). Indirect taxation | 4.5% | 8% | 19.6% | 0% – IGI; 17% – import tax |
Andorra and EU countries:
Andorra | Ireland | Netherlands | Luxembourg | Switzerland | Malta | Cyprys | |
Taxation of Companies | |||||||
Corporation income tax | 2 or 10% | 12.5% | 20% | 22.05% | 8.5% | 35% | 10% |
Capital Gains Tax | 0-15% | 30% | 20% | 22.05% | 8.5% | 35% | 20% |
Withholding Tax-Non Treaty (for non-residents) | |||||||
Royalties | 5% | 20% | – | – | – | 0% | – |
Interests | 0% | 20% | – | – | 35% | 0% | – |
Dividends | 0% | 20% | 15% | 15% | 35% | 0% | – |
Varios fees | – | – | – | – | – | 35% | 10% |
Indirect Tax (VAT) | |||||||
Value Added Tax (Equivalent). Indirect taxation | 4.5% | 23% | 19% | 15% | 8% | 18% | 18% |
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