Comunicacio

{{post_date}}

Tax burden

What is the tax burden in Andorra?

by

Andorra stands out for its fiscal competitiveness and its tax system, which is comparable to that of other countries. Its economic stability, underpinned by a sound fiscal policy, makes it an attractive location for investors looking for new opportunities abroad. Much of the available information focuses on what taxes are paid and at what rate, but less attention has been paid to the way in which they are collected. In this article, we discuss the tax burden in Andorra, another …

Read more

informe-economic

The economic performance of Andorra in 2022

by

In 2022, the global economy experienced several changes and challenges. It was a year marked by changes in government policy to deal with the consequences of rising inflation, increases in interest rates and rising prices. As elsewhere, Andorra’s economic outlook was varied and dynamic. This is reflected in the 2022 Economic Report presented by the Andorran Chamber of Commerce, which analyses last year’s growth situation and the prospects for the future. Table of contents: The country’s growth reaches the level …

Read more

suspensio-temporal

Temporary suspension of foreign investment in property                               

by

The Andorran Government has announced the temporary suspension of foreign investment in property. This initiative, which has already been approved by the Andorran parliament, is intended to alleviate the national problem of a lack of affordable housing for renting. It has been introduced as a transitional measure pending the introduction of the tax on foreign investment in property, which is expected in the autumn. Table of contents: Moratorium on approvals for foreign investment in property Draft law reforming the law …

Read more

GGI-Global-Alliance

Our experience as part of the GGI Global Alliance

by

In an increasingly interconnected world, companies face major challenges in providing their services. For this reason, belonging to an international group of companies that face the same challenges as we do has become a strategy for business success. Since 2019, we have been part of an international network of companies and professional people: the GGI Global Alliance. For us, it is the perfect alliance to promote growth in the provision of services to clients from all over the world who …

Read more

nulidad-sanciones-modelo-720

The nullity of Spanish Tax Form 720 fines is now a reality    

by

The Spanish Tax Agency has at last accepted the annulment of the penalties imposed on residents who are liable for Spanish tax for late declaration or non-declaration of their assets abroad. The European Court of Justice has ruled that such penalties were contrary to EU law, and the Spanish Council of State has ratified that decision. Table of contents: Steps taken to cancel penalties under Tax Form 720 Refund of penalties For whom is Tax Form 720 intended? The points …

Read more

startup-andorra

Start-up : what is it, and how does this type of company work in Andorra?

by

In the digital age, start-ups are driving innovation and economic growth on a global scale. These emerging companies, driven by creativity and technology, have become an attractive sector for investors seeking new business opportunities. However, until the end of last year, Andorra had no specific legislation for this type of economic activity. With the approval of the new law on the digital economy, innovation and entrepreneurship, a section has been created to regulate the creation, operating conditions and characteristics of …

Read more

residencia-pasiva

Residence in Andorra: apart from lucrative activity

by

Passive residence without gainful activity is a type of residence that allows you to live in Andorra without carrying out any economic or professional activity there. In other words, it is a residence permit for people who have sufficient income to support themselves without having to work. In this article, we explain what the passive residence permit without gainful activity in Andorra is, and also the requirements for obtaining it, and the advantages. Table of contents: Conditions of application for …

Read more

fitch-ratings

In its latest rating, Fitch Ratings gives Andorra an A-

by

Despite the global geopolitical context, Fitch Ratings has maintained Andorra’s A- rating with a stable outlook – the same rating and outlook that the Principality received in July 2022. In its latest assessment (at the end of April), the agency positively assessed factors such as last year’s growth in GDP, efficient debt management and the resilience of Andorra’s banking sector, among others. And in some cases, Andorra outperforms other countries rated at the same level, as we show below. Table …

Read more

banca-andorrana

How Andorra’s banking system works: the keys to understanding Andorran banking

by

One of the most interesting aspects of our country is the way in which the Andorran banking and financial system works. For this reason, in this article we are going to explain the most important characteristics of that system. You will certainly find it useful to know about them if you are thinking of moving here. Table of contents: Information about banking in Andorra Activities and services offered by banks in Andorra Andorra is part of the SEPA zone Bodies …

Read more

How much tax do you pay in Andorra?                       

by

If you’ve been considering investing in Andorra, one of the factors that probably made you choose our country is the low tax burden compared to your place of residence. The good quality of life, natural surroundings and ideal geographical location between Spain and France are just some of the other aspects that are most attractive to people looking to invest in our small country. Table of contents: Taxation in Andorra Corporate tax in Andorra Personal Income Tax IGI: Andorran VAT …

Read more