Andorra is introducing a tax on personal income for the first time, with Antoni Marti, the head of the Andorran government, telling French President Francois Hollande that he will introduce a bill before 30 June 2013.
Andorra is introducing a tax on personal income for the first time, with Antoni Marti, the head of the Andorran government, telling French President Francois Hollande that he will introduce a bill before 30 June 2013. Finance ministers in the EU have already agreed to start talks with Andorra (as well as Switzerland, Monaco, Liechtenstein, and San Marino) on swapping bank account information. There is currently no income tax levied on corporations or individuals in the tiny mountain principality, but following pressure from Europe to address tax evasion, Andorra is to ‘gradually meet international tax standards’.
Andorra is introducing a tax on personal income for the first time, with Antoni Marti, the head of the Andorran government, telling French President Francois Hollande that he will introduce a bill before 30 June 2013.
Andorra is introducing a tax on personal income for the first time, with Antoni Marti, the head of the Andorran government, telling French President Francois Hollande that he will introduce a bill before 30 June 2013. Finance ministers in the EU have already agreed to start talks with Andorra (as well as Switzerland, Monaco, Liechtenstein, and San Marino) on swapping bank account information. There is currently no income tax levied on corporations or individuals in the tiny mountain principality, but following pressure from Europe to address tax evasion, Andorra is to ‘gradually meet international tax standards’.
