Is Bookkeeping Mandatory In Andorra?
According to Andorran law, businesses have to keep financial records and file for taxes when:
They are incorporated as a “Societat Anonima” (SA) or a “Societat Anonima Unipersonal” (SAU) — similar to a Public Limited Company.
They are incorporated as a “Societat Limitada” (SL) or a “Societat Limitada Unipersonal” (SLU) — similar to Limited Liability Companies or Single-member companies.
They are not incorporated but report an income higher than €150.000 per year.
Businesses that don’t fit these criteria are not required to file for taxes. Because of that, they often forego accounting services as a whole, without realising how useful they can be.