Tag: Andorra
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Law 19/2016 of Automatic Exchange of Information on Tax Matters of Andorra
Law 19/2016 of 30 November on the automatic exchange of information in tax matters was passed by the General Council of Andorra and came into force on January 1, 2017. This law implements the OECD’s Common Reporting Standard (CRS) for the automatic exchange of financial account information to improve international tax compliance. Key aspects of Law…
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Country-by-Country Reporting (CbCR) Regulation in Andorra
Andorra, in alignment with its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) framework, has implemented Country-by-Country Reporting (CbCR) as part of its international tax transparency obligations. The Andorran tax authorities, governed by the Ministry of Finance, are responsible for overseeing compliance with these requirements under BEPS Action 13. This guide provides a…
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How CbC reporting is presented in Andorra
Andorra is a small country located in the Pyrenees Mountains between France and Spain. The country has a unique tax system, with a low corporate tax rate and no value-added tax. However, Andorra has also implemented country-by-country reporting (CbC) requirements for multinational corporations operating within its borders. In Andorra, the CbC reporting requirement was introduced…
CbC Reporting 