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.