MCA

Taxation

Historically considered a tax haven, Andorra has established these recent years a taxation that remains attractive to standardize the country internationally. Definitely, we passed from a tax haven to a “tax friendly” country fully homologated by OECD.

Whether you’re an entrepreneur, businessman, rentier or athlete, MCA ASSESSORS will help you to plan the best structure to optimize your personal or/and company taxation thanks to the knowledge of Andorran tax regulation and signed international treaties.

Our accountants will also assist you to comply all the tax obligations by filling all mandatory tax reports on direct and indirect taxes such as Company Tax, Personal Tax, VAT, etc.

Due to our experience and knowledge, we have strong relationships with the tax officials, that makes every doubt in the application of a standard easily solvable.

Real estate - The Principality of Andorra

Natural Persons

 

The income tax of individuals entered into force on the 1st of January 2015.

 

On the annual incomes, types are:

  • 0 % from 0 € to 24,000 €
  • 5%  of what exceeds from 24,000 € to 40,000 €
  • 10%  of what exceeds from 40,000 €

 

It should be noted that there are many exemptions expected in the law of income taxes. Among others, dividends and incomes from Andorran companies (SL, SA, SICAV, UCIs or FUNDS) are not taxable and neither the revenues from the products of equity securities.

 

There are no inheritance taxes or taxes on wealth or property.

Legal entities

 

They must keep accounts in accordance with the Andorran accounting and deposit accounts each year before July 31 of the following exercise. The maximum tax rate in Andorra is 10% on profitsFor companies with an international vocation, you can get exemptions on the base between 80% and 100%.

 

  • International exploitation societies of intangibles, management or any rights or licenses on the intellectual property, industrial, on charts, formulas, patents, know -how and service provision related to these.
  • International Holding: 0%
  • SICAV and other OIC: 0%