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According to the report of Global Forum on Transparency and Exchange of Information for Tax Purposes, Andorra “basically meets” all OECD requirements

Global Forum on Transparency and Exchange of Information for Tax Purposes published the results of Andorra’s compliance with international standards in this area. According to the report, Andorra “basically meets” all OECD requirements.

Andorra was one of the 15 countries participated in the study. Previously, these countries had a rating “meet not fully international standards for the …

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Andorra ratified an agreement on the automatic exchange of tax information with Italy

Andorra ratified an agreement on the automatic exchange of tax information with Italy on 27th March, reported press office of Andorran Government. The agreement between Andorra and Italy was signed on 22d September, 2015 in Madrid by the ambassadors of both countries accredited in Spain, and was approved on 30th November, 2016.

Negotiations have lasted since 2009.

 

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Andorra approved the signing and ratification of the additional protocol to the Council of Europe’s agreement on the prevention of terrorism

The Andorran Government approved the signing and ratification of the additional protocol to the Council of Europe’s agreement on the prevention of terrorism, which entered into force in Andorra on 1st September, 2008.

The new document, adopted by the Council of Europe in October 2015, is more complete and aimed at the multilateral fight against terrorism: …

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Andorran government approved a bill on the exchange of tax information on prior request

The Government of Andorra approved a bill on the exchange of tax information on prior request, reported the Minister of finance Jordi Cinca. The new bill fully meets the requirements of OECD.

Jordi Cinka explained that earlier Andorra had signed a number of international agreements that required changes in the principality’s obligations regarding the exchange of …

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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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Andorra ratified an agreement on mutual administrative assistance in tax matters in cooperation with the OECD

Andorra ratified an agreement on mutual administrative assistance in tax matters in cooperation with the Organisation for Economic Cooperation and Development (OECD). The announcement was made following the meeting of the ambassador of Andorra in France Cristina Rodríguez with the deputy general secretary of the OECD Mari Kiviniemi on 25th August in Paris.

Therefore, Andorra confirmed …

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The government of Andorra approved the signing of a Memorandum of understanding between the Andorran police and the Federal police of Belgium

The government of Andorra approved the signing of a Memorandum of understanding between the Andorran police and the Federal police of Belgium on 11th May. The purpose of this agreement is strengthening and expansion of international cooperation of the police of Andorra in the areas of security and combating organized crime.

The evolution of crime and …

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The General meeting of shareholders of BancSabadell d’Andorra approved results for 2015 financial year

The General meeting of shareholders of BancSabadell d’Andorra approved results for 2015 financial year. The increase of the Bank’s profit in 2015 amounted to 4.7% (from 7.2 to 7.6 million euros), despite the fact that the overall income of all financial institutions in the country fell by 8%.

The President of the Bank Robert Cassany noted …

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An EU deal with Andorra, which will make it harder for EU citizens to hide cash from the tax man in bank accounts there, was endorsed by Parliament in a vote on Wednesday

An EU deal with Andorra, which will make it harder for EU citizens to hide cash from the tax man in bank accounts there, was endorsed by Parliament in a vote on Wednesday. Under the deal, the EU and Andorra will automatically exchange information on the bank accounts of each other’s residents, starting in 2018 …

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