Taxes in Andorra are similar to those of its neighboring countries and other developed countries, but with much lower nominal and effective rates and rates. This is because of the reforms carried out after its efforts to open up to the world internationally and attract foreign investment. Personal income tax is therefore progressive, but not confiscatory. Consumption is assessed by the general indirect tax or IGI (similar to VAT), which is also very low. And finally, the corporate income tax (IS) is a 10% tax flat that avoids tax overlap.
Given that the origin of most of the residents in Andorra are Spanish, it was necessary to make a guide to compare taxes between Andorra and Spain, in order to understand why this small country in the Pyrenees is so attractive and why what is the chosen destination of different youtubers, ... Read more
Indirect taxes are usually called painless basically because the amounts are divided into multiple small payments (each time we consume) and for ending said dissolved payments in the price system, having the perception that the cost of the product is actually the amount total. The truth is that while they are & # 8230; Read more
As we already commented in our article on taxes in Andorra and in opening a company in the country, one of the most recent taxes is the one that taxes the profits of companies, since until 2011 it did not exist (it was approved on December 29 of 2010, Law 95/2010) and until 2012 no & # 8230; Read more
One of the most important taxes in Andorra is personal income tax. With an effective rate that never exceeds 10%, the Andorran Natural Income Tax stands out for being one of the lowest in Europe despite maintaining the principle of progressivity like other countries. In this & # 8230; Read more
Although many people will not know it, the Principality of Andorra has been carrying out an ambitious process of international economic opening for more than a decade, started in 2010 with the agreement on the exchange of tax information with Spain and deepened with the new foreign investment law of 2012, initiating in this way some legal changes and & # 8230; Read more
