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Andorra la Vella - Llei Òmnibus Coronavirus

Omnibus law and The State of Alert and Emergency law by Covid-19

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On 23rd March, 2020, the laws known as ‘Omnibus’ and ‘The State of Alert and Emergency’ received the unanimous approval of all the parliamentary groups represented on the Consell General (the country’s parliament or legislative body). The Omnibus law enables a comprehensive set of economic measures to be implemented to counter the effects of the abrupt halt in economic activity in Andorra. The State of Alert law includes a series of exceptional mechanisms which will only be applied if the …

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Impuestos Andorra 2º Trimestre

2020 Andorra Tax Calendar – 2nd quarter

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Below we detail the most important events on the Andorra taxpayer’s calendar for the second quarter of 2020, as well as the forms that should be submitted in each case, if required. APRIL 2020 Personal income tax (IRPF) The settlement and payment period begins for income tax for the previous financial year. The filing period ends on 30 September. (Forms 300/300L/300C). The settlement and payment period begins for withholdings and payments on account for work income not subject to the CASS …

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convenio-seguridad-social||vivir-Andorra||

Andorra gains more residents in 2019 and increases its population by almost 2%

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The latest figures provided by the Statistical Office of the Government of Andorra show an increase of almost 1,400 people, which represents a 1.8% growth of the total population. Of the Principality of Andorra’s 77,543 inhabitants, 28.9% (22,480 people) live in the capital, Andorra la Vella. The second most populous parish is the centrally located Escaldes-Engordany, with 14,599 inhabitants (18.8% of the total). Ordino and Canillo are the least populated areas, with only 6.4 and 5.6% of the total population, …

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FMI

Andorra formally applies for membership of the IMF

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Last January, Andorra initiated the formal procedures for obtaining membership of the International Monetary Fund. Admission to this organisation will provide the principality with international solvency, which will in turn contribute to improving the country’s rating. Inclusion in the IMF, which currently comprises 189 member states, will mean that Andorra will no longer be among the five countries that are currently members of the United Nations but not part of the International Monetary Fund. What will IMF membership mean for …

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Impuestos Andorra 2º Trimestre

Taxes in Andorra

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The evolution of Andorra’s activities and economic structure has meant that the tax system has had to develop in parallel. The most significant change has been the shift from a tax system based almost entirely on indirect fees to the implementation of direct taxes. The advantage? This direct taxation is homologous with other countries around the world. Which entities collect tax in Andorra? In Andorra, taxes are collected through the comús (local councils) and the government. The comús are responsible …

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Impuestos Andorra 2º Trimestre

2020 Andorra Tax Calendar

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Below we detail the most important events on the Andorra taxpayer’s calendar for the first quarter of 2020, as well as the forms that should be submitted in each case, if required. JANUARY 2020 Preparation of annual accounts The period for preparing and formalising annual accounts for the year ending 31 December 2019 begins. The filing period ends on 30 June. Personal income tax (IRPF) The period in which financial or insurance entities established in Andorra must file the external …

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tax-haven

Andorra is no longer a tax haven, but it still retains its investment appeal

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The days when Andorra featured on the EU list of tax havens are long gone. The legal tax reforms introduced in Andorra and the creation of a tax system that is equivalent to the European one have helped to remove the country from the black list. Nevertheless, our country is still a highly attractive option for foreign investment. Simple foreign investment If a company wishes to base itself in Andorra, it can be very easy to accomplish. Although companies must …

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Te ayudamos a crear una sociedad en Andorra

How to create a company in Andorra

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The benefits of Andorra’s tax system are obvious when compared to the vast majority of European countries, which makes it an incredibly attractive location for the creation of companies and corporations. In addition, Andorra boasts a very high level of personal safety (it has one of the lowest national crime rates worldwide), a superb health and education system, and a per capita income that is among the highest in the world. Andorra is the perfect country for investment and business, …

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Q

IGI in Andorra. What is it?

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The evolution of the Andorran tax system has led to the creation of taxation categories that operate in a similar manner to those in force in European countries, albeit with lower burdens. This is the case with IGI (a Catalan initialism for General Indirect Tax) which is equivalent to IVA in Spain or TVA in France. Its introduction enabled the removal of a significant portion of the indirect taxation categories that had hitherto existed and which taxed our nation’s consumption. …

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