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Andorran government approved a draft law on the system of taxation for companies restructuring operations

On the initiative of the Minister of Finance Jordi Cinca Andorran government approved a draft law on the system of taxation for companies restructuring operations.

As Jordi Cinca explained at the press conference, the development of the Andorran tax system in addition to the introduction of the income tax, the tax on non-residents’ income, and taxes …

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Andorra taxation agreement was approved by EU

On 20th September 2016, the Council of Europe approved the conclusion of an agreement with Andorra that will improve tax compliance by private savers. The agreement will help clamp down on tax evasion by requiring EU member states and Andorra to exchange information automatically, reports EU Council.

This will give their tax administrations improved cross-border access to …

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The 30th September is a deadline for filing income tax payment returns (IRPF) for 2015

The 30th September is a deadline for filing income tax payment returns (IRPF) for 2015, according to the government of Andorra.

From 15th September the tax authorities’ timetables will change to give Andorran taxpayers an additional opportunity to comply with their tax obligations. In particular, the declaration can be submitted on days including Saturday 17th and …

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The Prime Minister of Andorra Antoni Marti met with the founder and CEO of the largest investment fund of the US J. Christopher Flowers

photo: JC Flowers

The Prime Minister of Andorra Antoni Marti met in Andorra with the founder and CEO of J. C. Flowers – the largest investment fund of the United States J. Christopher Flowers. The meeting was also attended by the director general of J. C. Flowers Michael Christner, the minister of Foreign affairs …

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Monetary agreement between Andorra and the European Union initiated the application of new rules of interaction with the European Central Bank

The Andorran Council of Ministers approved the new simplified rules for the provision of statistical data on banking and financial transactions of legal entities of the principality to the European Central Bank.

The Bank is the supervising authority of the Andorran financial system. The requirement was put forward within the framework of the Monetary agreement between …

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Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable”

Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable” – now Andorra has a rating BBB- / A-3. This data is contained in the official agency report which states, however, that “the process of settlement of the conflict with the Banca Privada d’Andorra (BPA) by the authorities of Andorra has …

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Fitch Ratings has downgraded Andorra’s Short-Term Foreign Currency (STFC) IDR to ‘F3’ from ‘F2’

Fitch Ratings has downgraded Andorra’s Short-Term Foreign Currency (STFC) IDR to ‘F3’ from ‘F2’, reports agency. Under EU credit rating agency (CRA) regulation, the publication of sovereign reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to …

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