Andorra taxes

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company-Andorra

Create a company in Andorra and keep living in the UK: Is that legal?

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This question could apply to the UK, Spain, Portugal, Italy, or any other European country where the level of corporate and personal tax is much higher than that of our Principality. Without a doubt, this is one of the questions most frequently posed by businesspeople and entrepreneurs who are intrigued by Andorra’s attractive tax policy but who want to remain in their customary place of residence. Table of contents: Creating a company in Andorra and living abroad is perfectly legalShould …

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Informe-anual-fmi

The Andorran economy will grow by 2.1% in 2023, according to the IMF

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The International Monetary Fund’s (IMF) latest Annual Report provides global economic forecasts, highlighting broad trends and offering in-depth analysis of individual economies. It serves as a guide to understanding and anticipating economic movements on a global and regional scale.Andorra, as the 190th member of the organisation, is also included in this analysis. The report provides a detailed overview that lets us paint a clearer picture of what the economic future may hold for our country. Table of contents: Improvement of …

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How much tax do you pay in Andorra?                       

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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 …

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Andorra modifies its corporate tax regulations to allow online filing of tax returns

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The Andorran tax system is being modernised with a commitment to creating new online portals for filing tax returns. As a result, the regulations governing corporate tax and income tax for non-resident taxpayers have been modified to include new forms that are being made available to allow online filing. From this year onwards, Corporation Tax and IRNR tax returns can only be filed through the virtual office of the Andorran government’s tax and duties department. In addition to these two …

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Why are Spanish YouTubers moving house to Andorra?

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This article has been revised and updated in accordance with the latest amendments to Andorran regulations. Updated August 2023. At the time, there was a lot of talk about the expatriation from Spain of El Rubius, a Spanish Youtuber, for tax reasons. What other attractions do youtubers find in Andorra apart from the lower tax burden? We talked about it at the height of the controversy in 2019 with Josep Garcia, co-founder and director of Advantia Assessors.  Why are YouTubers …

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What benefits are there for new investors who want to live in Andorra?

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Andorra continues to be a hot and trending topic in the Spanish media, after Spain’s biggest YouTuber, El Rubius, announced he was moving his residence to the principality. The possibility of living in Andorra is also attracting increasing interest from other types of foreign investors, not just content creators and digital nomads. New investor demographics In the last year, interest in permanently relocating to Andorra has increased by 15 to 20%, according to data from the Diari d’Andorra. Two main …

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Tax on empty properties in Andorra

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The Andorran government approved the introduction of a new tax on empty properties in December of last year. This fee falls under law 3/2019, governing urgent measures in relation to housing rental. Tax on empty properties This new tax has been designed to regulate the flat and house rental market and to improve access to affordable housing. This type of property is becoming scarce at the moment, due to increased sales and a rise in tourist accommodation driven by new …

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Andorran taxpayer’s calendar

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Below you will find the tax calendar for the payment and settlement of the main taxes in Andorra. General Indirect Tax (IGI) The settlement of Andorran VAT depends on the annual turnover from the previous year: – Half-yearly (January and July): businesses with a turnover of less than 250,000 euros – Quarterly (January, April, July and October): businesses with a turnover of between 250,000 euros and 3,600,000 euros – Monthly: companies with an annual turnover in Andorra of more than …

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Foreign-investors

Requests from foreigners to invest in Andorra have increased

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Andorra has piqued the interest of foreign investors who want to establish themselves in the country during this very unusual year. So far in 2020, around 400 applications for foreign investment have been registered.   Remote working triggers requests The new situation caused by the coronavirus pandemic has resulted in the need to adopt new ways of working due to social distancing. A consequence of this is that remote working is becoming increasingly common, which, along with a more competitive …

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Andorra Tax Calendar – 4th quarter

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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 …

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