Andorra has approved a bill regulating the tax on accommodation in tourist facilities. The only exceptions are the areas where camping-cars are located.
Thus, a tax of 3 euros will be applied to tourist accommodation in 5-star hotels, 2 euros – in 4-star hotels and 1.50 euros – in 2 or 3-star hotels. The tax in …
MoreForeign Minister Maria Ubach met with her counterpart, Austria’s Minister for Europe, Integration and Foreign Affairs, Karin Kneissl, to discuss various issues in the bilateral field, such as the negotiations for an agreement to avoid double taxation between both countries that would allow investment to be boosted, as well as strengthening cooperation in tourism and …
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Claudia Cornella, Secretary of State for International Financial Affairs, has signed the OECD multilateral agreement at the headquarters of the OECD in Paris, that allows the exchange of information country by country with all the competent signatory authorities and is not included in the list of non-reciprocal jurisdictions.
This agreement is part of …
MoreAndorra 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: …
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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 …
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 …
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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Andorra and Colombia started negotiations on agreement on the exclusion of double taxation between 2 countries, reported Andorran government after the meeting between the President of Colombia Juan Manuel Santos with the head of the government of Andorra Antoni Marti, held at the UN headquarters in the framework of participation in the …
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