Cooperation in automatic exchange of tax information between Andorra and EU can begin in 2018, declared the Minister of Foreign Affairs of Andorra

On March 18 in headquarters of the European Commission in Brussels the negotiations devoted to questions of integration of Andorra (Pyrenees), Monaco and San Marino in the European Union took place. Negotiations were headed by the vice-president of the European Commission, the High Representative of the European Union for foreign affairs and a security policy Catherine Ashton.

Ministers of Foreign Affairs of Andorra Gilbert Saboya (Gilbert Saboya), Monaco Gilles Tonelli (Gilles Tonelli) and San Marino of Pasquale Valentini (Pasquale Valentini), accompanied by representatives of diplomatic missions of Andorra, Monaco, San Marino, France, Italy and Spain, also participated in a meeting.

Acting as the Minister of Foreign Affairs of Andorra Gilbert Saboya summed up the results of reforms which demonstrated an investment openness of Andorra before foreign investors and the readiness of Andorra to change its tax system. He also emphasized importance of following to the international standards in the field of financial transparency. “Actions of the Government of Andorra show will and determination to real change of economic model of the principality”, he declared. The minister also reminded that Andorra became the 60th country which signed the Convention on the mutual administrative aid in tax questions and also joined the declaration of OECD on an automatic exchange of tax and financial information. “Cooperation in automatic exchange of information can begin in 2018”, Gilbert Saboya summed up.

See also Andorra business guide

See also Andorra company formation

See also Europe taxes

Read more: All Andorra news ...