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What is the BEPS project and how does it affect the Principality of Andorra?

What is the BEPS project and how does it affect the Principality of Andorra?

Senior tax consultant of Augé Grup, Albert Barroso and Director of Augé Grup’s Legal Department Joan Miró answer:

“With regard to international tax, BEPS (from “Base Erosion and Profit Shifting”) is the term that describes the strategies for tax planning used by multinational …

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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 and Italy start negotiations to conclude an agreement on avoidance of double taxation

Ministry of Foreign Affairs of Andorra and Italy agreed to start joint preliminary negotiations to conclude an agreement on avoidance of double taxation. Negotiations are scheduled for the first half of 2017, according to the Government of Andorra.

According to the official statement of the Government of Andorra, in recent years, countries have maintained close contacts …

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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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We don’t pretend to be a full member of the EU, but the association agreement with the EU will provide Andorra with access to the European market, says minister of foreign affairs of Andorra Gilbert Saboya

Minister of foreign affairs of Andorra Gilbert Saboya tells all-andorra.com about the main results of foreign policy of Andorran government in 2015 and its plans for 2016:

Could you please explain the basic activities of Andorra´s foreign affairs ministry in 2015?

We began negotiations on an association agreement with the EU on March 18 in Brussels. …

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Andorra takes key step in reaffirming its commitment to implement Automatic Exchange of Financial Account Information

Andorra today has signed the Multilateral Competent Authority Agreement, marking a crucial step forward in its commitment to implement automatic exchange of financial account information in time to exchange in 2018, reports OECD.

The Multilateral Competent Authority Agreement lays the foundation for the international operational framework for automatic exchange, seen as the pre-eminent instrument for facilitating …

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OECD consider that the cooperation of Andorra with EU on the issues of tax info exchange can start from 2018

“For the recent years Andorra has attained a significant progress in the issues of budget transparency”, claimed Pascal Saint-Amans, the Director of OECD (Organization for Economic Cooperation and Development) Tax Policy and Administration Center in his speech to the journalists. In accordance to his forecasts, Andorra will manage to start cooperation in the sphere of …

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According to the World Bank, Andorra is one of top five OECD members in accordance to “political stability” and “the absence of criminal” criteria

In accordance to the World Bank report the year of 2013 showed that among 34 OECD members (Organization for Economic Cooperation and Development) Andorra takes 5th position  in accordance to “political stability” and “the absence of criminal” criteria. Thus, Andorra gives way only to New Zealand (1,45 index), Switzerland (1,37), France and Finland (with the same …

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