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
Taxes in Andorra: types and rates
Si bien Andorra it is no longer a tax haven, tiene unos impuestos mucho más bajos que los países de su alrededor y la media europea: una de las fiscalidades más bajas del mundo. Sus tributos son homologables con los de cualquier país europeo, pero con unos tipos aplicables sustancialmente más bajos y atractivos.
Ventajas de los tipos andorranos
With a maximum rate of 10%, el Andorran personal income tax es uno de los más bajos de Europa. Aplicado sobre las rentas del trabajo, existe además un € 24,000 exempt minimum and a 5% bonus for income between € 24,000 and € 40,000.
Attractiveness general rate of 10% of Impuesto de sociedades en Andorra lo es mucho más al tener en cuenta reducciones por nuevos negocios, regímenes especiales sobre la base de tributación y exemptions to avoid double imposition.
Famoso y denominado como IGI, el impuesto indirecto andorrano destaca especialmente por su simplicity and ease in settlement by the bidders. The general rate is 4.5%although it also has 0%, 1%, 2.5% and 9.5% rates.
Comparison with other countries
Maximum personal income taxes
Otros impuestos y tasas
Municipal or parochial taxes (Common)
- The traditional tax of "foc i lloc" (fire and place).
- The property tax.
- The tax on rental income.
- The filing or location tax of commercial, business and professional activities.
- The construction tax.
- Property transfer tax (ITP)
- Tax on the provision of insurance services
- Special taxes
- Capital gains tax on property transfers (PLV)
- Non-resident tax income tax (IRNR)
- Taxation of savings income
- Gambling tax
- Fee on the Register of Holders of Economic Activities
- Vehicle Ownership Tax
- Immigration fees
- Court fees
- Trademark Office Fees Public Prices
- Rate job applications
- Animal health and food security rate
- Consumption tax (customs)
- Common external tariff (customs)
Lastly, it should be noted that despite the existence of these taxes and fees, most are of an annual amount or fixed cash or taxes that replace the three big ones previously mentioned. In the end taking all the tributes and as a summary, in Andorra a direct cash rate is paid on any income less than 10%, taxation on consumption is usually low (and therefore so is the cost of living) and fixed municipal and state maintenance taxes amount to only around € 500-1000 per year.
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As we already commented in our article on taxes in Andorra and on 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 2010, Law 95/2010) and until 2012 no
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