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The income tax campaign in Andorra began in April and you have until 30th September to file your tax return. In this article, we tell you how personal income tax works in Andorra. TABLE OF CONTENTS: 1. Income tax in Andorra 2. How much personal income tax do I pay in Andorra?3. Who has to pay income tax? 4. Income subject to personal income tax5. Personal income tax exemptions and allowances6. Andorra and the United Kingdom: comparison of personal income …
Andorra’s new data protection law, “Llei 29 2021, del 28 d’octubre, qualificada de protecció de dades personals” (LQPD), will enter into force this May to replace the law from 2003. The text and structure are based on the European General Data Protection Regulation (GDPR), which includes new obligations to which Andorran companies will have to adapt their processes. Among others, these requirements include: keeping a detailed record of data processing operations, creating an impact plan and appointing a Data Protection …
On 27th January, 2022, the Court of Justice of the European Union ruled on the Spanish tax form 720, which obliges holders of accounts in financial institutions, securities, assets, property, virtual currencies or life assurance with a purchase value that exceeds 50,000 euros, and who are resident in Spain, to inform the Spanish Tax Agency about their property and other assets abroad. According to the CJEU, the terms of the form are contrary to EU law, so Spain will have …
Just like all other business sectors, 2022 will bring new innovations and trends for fintech. The last two years have been shaped by huge social changes as we adapt to the circumstances caused by the pandemic, and some of these changes are here to stay. Of particular note are the growth of e-commerce and the rise of online payments; social distancing and the increased use of contactless payment methods in place of cash; and security, or rather cybersecurity, which is …