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We’re heading into the final stretch of the year! To make your work easier, we’ve prepared a list of the last taxes that need to be paid in Andorra during the fourth quarter of the year: from September to December. You can find the list below with the corresponding link for each form. OCTOBER 2020 Personal income tax (IRPF) The settlement and payment period begins for withholdings and payments on account for work income not subject to the CASS and …
The last date for filing the Income Tax Return is 30th September. We explain, below, everything you need to know about this tax in Andorra. Income tax in Andorra Andorra, with a maximum rate of 10%, has one of the lowest income tax rates in Europe. Moreover, for taxpayers whose net income is between 24,001 and 40,000 euros, the tax rate is only 5%. This relatively new tax has existed in Andorra since 2015. The collection period is from 1st …
In July, the statistics department of the Andorran government will present its annual report on foreign investment and the conclusions drawn from it will be positive. In 2019, the volume of declared initial investment hit 337 million euros, representing growth of 88.1%. However, submitted requests decreased by 13%. Positive foreign investment requests 584 applications for foreign investment were submitted to the administration, 541 of which were accepted. Even though this is 73 less requests than in 2018 (-11.8%), investments were …
What is dropshipping? Thanks to the facilities it offers, dropshipping has without doubt become a very profitable internet business model. All you need to do is create an online shop to sell third-party products, without the need to store or buy them in advance. This translates into savings on stock and logistics that can be invested in the design, and positioning of your e-commerce or in the promotion of your products. This business model means that you simply act as …
Living and settling in Andorra has always been a great option due to its many attractions and the quality of life it provides its inhabitants. And now it’s a safe country that has proven its ability to fight the coronavirus pandemic and emerged with an enhanced international image. All this is thanks to the safety and prevention measures that were implemented over the last few months, and the new ones that continue to be applied to contain the spread of …
Whether you are considering coming to live in Andorra, opening a business or diversifying your investments, one of the first steps you need to take is opening a bank account in the country. Advantages of opening a bank account in Andorra The first thing to remember is that Andorra is not part of the European Union, as a result it is not subject to the guidelines governing the European Central Bank or bound by restrictive European interests. Another advantage is …
Below we provide a month-by-month list of the taxes that must be paid during the third quarter of the year in Andorra, from July to September, with a link to the corresponding form. JULY 2020 Income tax for non-residents (IRNR) Settlement of IRNR for the tax period ending on 31/12 by non-resident taxpayers without a permanent establishment. If this period is different, they must do so within 30 days of the 6 months following the end of the financial year. …
If the situation continues as it has so far, Andorra will be among the first countries in the world to leave the coronavirus behind, making it one of the safest countries in which to establish a permanent residence. Andorra, one of the first countries in the world to leave the coronavirus behind According to a study by the University of Singapore, the principality could be declared free of COVID-19 on 3 June this year. In contrast, Spain and France are …
Following the first economic measures, approved on 23rd March, Andorra has just approved a second package of aid and benefits to complement and reinforce the initial measures. The aim of these changes is to protect jobs as far as possible, to preserve the productive fabric and guarantee the continuance of the welfare state. These measures are taken in accordance with the principles of joint responsibility and proportionality. The main innovations are listed below: Measures affecting employment Approval has been given …
Andorra has been living in a state of confinement since 13 March 2020. Just like in France and Spain, decrees have been passed introducing exceptional measures to tackle the medical emergency caused by the SARS-CoV-2 coronavirus. Commercial and tourist activity, one of the country’s major economic drivers, has ground to a halt. The priority is clear: control the spread of the virus to prevent the collapse of the health system and reduce the impact on the population as much as …