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FIS SKI – Andorra

FIS SKI: Andorra

Andorra has strong ties with the skiing world. The principality is one of Europe’s most important destinations and skiing is a basic cornerstone of the country’s economy. The relationship between Andorra and FIS SKI began in 1957 with the inauguration of the Pas de la Casa-Grau Roig ski resort, the first …

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Taxes in Europe. Comparative characteristics of tax systems of EU countries, Andorra, San Marino, Monaco and Liechtenstein (corporate taxation)

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 …

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Andorra joined the Convention on fiscal cooperation within the bounds of OECD on November, 5

On November 5 Andorra became the 60th country that joined multilateral Convention on Fiscal Cooperation within the bounds of OECD (Organization for Economic Cooperation and Development) program. The major elements of the Convention are: the cooperation in taxation issues, the exchange of tax information and protection of taxpayers’ rights.

Meanwhile, in accordance to the opinion of …

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