Exchange of Tax Information: Changes to the law on the automatic exchange of tax information have been introduced to augment the existing regulations. The changes were made to ensure compliance with the OECD norms of communication and due diligence on financial account information.
The General Council has approved of the latest agreements for the exchange of information with a further 22 states. This brings to 95 the number of jurisdictions that Andorra will exchange tax information.
Double Taxation Agreement: In May Andorra signed a DTA with Cyprus with the nations’ respective Ministers expressing their mutual support in negotiations with the EU. At the same time the Andorran Minister of Foreign Affairs met with his Portuguese and Greek counterparts to discuss closer ties and collaboration, as well as the advances by Andorra to adopt international standards.
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