Andorra has expanded the list of countries for tax information exchange.
The amendment to the law will be adopted in 2020. Thus, Andorra will exchange information with a total of 95 jurisdictions.
The new countries included in the list are: Azerbaijan, Nauru, Pakistan, Panama, Saint Kitts and Nevis, Anguilla, Bahamas, Bahrain, Barbados, Belize, Ghana, Lebanon, Marshall Islands, …
MoreIn 2016 net income of companies registered in Andorra was about 600 million euros (the exact amount is 581 million euros), reported the minister of Finance of Andorra, Jordi Cinca.
The budget of the principality received about 30 million euros of this amount as the taxes.
As for the number of submitted tax returns, it continues to grow: …
MoreHonorary 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 …
Morephoto: 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 …
MoreWhat are the income taxes for companies in Andorra ?
Since 2009, Andorra has opted for the homologation with Europe, by implementing a model of direct and indirect taxation similar to that of the majority of the neighboring countries. However, Andorra established a competitive tax rate.
The nominal corporate tax rate is 10%.
The 2% special rate is …
MoreHow 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 …
MoreAccording 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 …
MoreAndorra 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 …
MoreMinister 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 …
MoreA 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 …
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