Taxation

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IRPF-Andorra

30th September: the last day for filing the personal income tax return in Andorra.

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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 …

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impuestos-tercer-trimestre-andorra

Andorra Tax Calendar – 3rd quarter

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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. …

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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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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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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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Double taxation conventions

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Also known as DTC, double taxation conventions are agreements established between countries with the aim of preventing double taxation of the same taxable event in the same tax period. Andorra and the DTCs In 2013 Andorra signed its first bilateral double taxation agreement with France, which entered into force on 1 July 2015. The DTC with Spain was signed at the beginning of 2015 and entered into force on 26 February 2016. Andorra currently has eight international agreements to avoid …

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Fiscalidad en Andorra

TAXATION IN ANDORRA

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Do you want to know how you can operate under the Andorran tax system without being a natural person or a company? Look no further, because we can educate you about the tax system in Andorra and its advantages. The country’s previous tax system was not effective. A more solid system was established due to issues related to taxes and inconveniences which had caused a low point in terms of visitors, since they had also found themselves caught in the …

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