All news / Opinion

Italians come to Andorra to create their own businesses in various fields such as technology, consulting, real estate, jewellery, and gastronomy said the Honorary Consul of Italy in Andorra, Alberto Rossi Pucci

Honorary Consul of Italy in Andorra, Alberto Rossi Pucci, told all-andorra.com about the developing relations between Italy and Andorra in terms of economics, finance, and tourism.

“Italy and Andorra are actively taking part in negotiations in order to strengthen economic and financial relations. Both countries signed a convention on the free movement of goods and human …

More
All news / Politics

Portugal is ready to remove Andorra from the list of tax havens

photo: govern

The head of the government of Andorra, Antoni Marti, during his official visit to Portugal, met with the Prime Minister of this country António Costa. The leaders discussed cooperation in the tax sphere, in particular, significant efforts made by Andorra to improve its fiscal system. In this regard, Antonio Costa noted that “the …

More
All news / Legal advice online by Augé Grup

How can the new Spanish Exit Tax on shares influence the new Andorran fiscal residents coming from Spain?

How can the new Spanish Exit Tax on shares influence the new Andorran fiscal residents coming from Spain?

Senior tax consultant of Augé Grup, Albert Barroso answer:

First of all, we must clarify that Law 26/2014 introduced substantial modifications to the Spanish income tax (IRPF), which includes the Exit tax. This, taxes the latent gains of certain …

More
All news / Business and Economy

The Council of Ministers of Andorra introduced a new tax regime for business restructuring operations

According to the initiative of the Minister of Finance of the Principality Jordi Cinca, the Council of Ministers of Andorra decided to introduce a new tax regime for business restructuring operations.

The corresponding decision implies changes in the Regulations on income tax and capital gains tax, as well as in the Regulation on the transfer of …

More
All news / Politics

Andorra and Hungary intend to conclude an agreement on the exclusion of double taxation in order to develop trade and tourist relations between countries

Andorra and Hungary intend to conclude an agreement on the exclusion of double taxation in order to develop trade and tourist relations between countries, reported at a press conference by Andorran Foreign Minister Maria Ubach and Hungarian Foreign and Trade Minister Peter Szijjártó. The agreement is planned to be signed next year.

The parties also discussed …

More
All news / Interview

I don’t expect an outflow of capital from the banks of Andorra after the agreement on tax information exchange comes into force, says Gilbert Saboya, minister of Economy, Innovation and Competitiveness of Andorra

Minister of Economy, Innovation and Competitiveness of Andorra, Gilbert Saboya, tells all-andorra.com about the Andorran economy in 2017, plans for 2018 and targets of the new ministry.

According to rating agencies, banks play too much of an important role in Andorra’s economy and it is dangerous for its development. What do you think?

The good news is …

More
All news / Business and Economy

A two-day international financial summit with the participation of more than 200 representatives of banks and financial institutions of Europe and the USA has been opened in Andorra today

A two-day international financial summit with the participation of more than 200 representatives of banks and financial institutions of Europe and the USA has been opened in Andorra today. The main goal of the event is to tell the international community about the latest changes in the financial and tax system of Andorra on the …

More
All news / Legal advice online by Augé Grup

Sanction procedure in Andorra

Sanction procedure in Andorra

Director of Augé Grup’s Tax Department Marc Urgell Díaz comments:

“The framework of the tax penalties in the Andorran jurisdiction is regulated in the “Llei de Bases de l’Ordenament Tributari“, specifically in the Decret legislatiu of 29-4-2015 of publication of the text refós de la Llei 21/2014, of the 16 of October, of bases of …

More