In 2018, in the form of customs taxes, 214,924,838 euros were raised against 208,561,525 euros in 2017. The difference was 6.36 million euros. This was reported to journalists by the Minister of Finance of Andorra, Jordi Cinca. According to him, the overall increase in revenues is associated with the restoration of the economy of the …More
Fuel taxes are at the center of much debate today. The Andorran Government has decided to take measures in favor of transport companies. From January 2019, the new regulations for the taxation of hydrocarbons will come into force.
Freight and private transport professionals will be subject to a tax reduction based on the energy efficiency of …More
FEDA’s (National Energy Company of Andorra) electricity tariffs will increase by 1.05% in 2019, which is lower than the price index. Thus, despite this increase, the price of electricity in Andorra will remain at a competitive level in comparison with neighboring countries.
“Tariffs should cover the cost of production, purchase and transportation of electricity while ensuring …More
Andorra continues to bring its financial system in line with international standards. The Council of Ministers of Andorra has just approved a decree on the introduction of international financial reporting standards adopted by the European Union in 2017.
A technical committee established in 2016 is responsible for this event. It is a government advisory body on …More
The Ministry of Economy, Competitiveness and Innovation of Andorra will hold a new qualification exam for real estate agents next June. The registration period will be open until January 18, 2019. The exam will take place on June 28, 2019, at 10 am at the University of Andorra.
The exam questions will include the legal and …More
The decision made by the Council of Ministers of Andorra is that, from April 1, 2019, all documents that will be sent to the BOPA (Official Gazette of the Principality of Andorra) should be sent by email.
Thus, the Andorran government confirms its intention to modernize their systems and strengthen the use of electronic administration.
The goal …More
As of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area (SEPA) schemes.
The inclusion of financial institutions from these two states is a natural extension of the SEPA project and demonstrates the European willingness to harmonise …More
The Government has approved the Regulation regarding the legal regime for payment services and electronic money and payment institutions and electronic money institutions that will enter into force on the day after its publication in the Official Gazette (BOPA) of the Principality of Andorra.
The finance minister, Jordi Cinca, explained that the text expands …More
The Finance Minister, Jordi Cinca, presented the Budget Bill for the year 2019 this Monday. As already moved forward in the press conference after Wednesday’s Council of Ministers, this budget project is the first that fully complies with the objectives established in the Law on the Sustainability of Public Finances and Budgetary and …More
The finance minister, Jordi Cinca, announced at a press conference the great figures for the 2019 budget, which foresees revenues of 444,771,051.15 euros and costs of 457,908,499 euros. The bill of the 2019 budget approved by the Council of Ministers, entered into parliamentary proceedings this Wednesday. Cinca said that this is the budget …More