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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 becomes the 50th country as a member State of the Budapest Convention on Cybercrime

Andorra becomes the 50th country as a member State of the Budapest Convention on Cybercrime. The document was signed in Strasbourg during the international conference, 16-18 November 2016. General principles of international cooperation involve the widest possible cooperation between the parties in criminal cases, the investigation or prosecution of criminal offenses related to computer systems …

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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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