Latest developments on tax regulations in Andorra

The Andorran tax framework finds itself in constant evolution. During last years, the Andorran tax system has experienced a modernization process with the purpose of providing the country with a homologated tax system from the standpoint of our neighbouring countries.

Proof of this dynamism is the recent modifications of different tax laws such as the Corporate Income Tax Law (hereinafter referred to as LIS), or the Real Property Transfer Tax Law (hereinafter referred to as LITPI), through which new provisions have been incorporated in order to meet the international standards established by the Organisation for Economic Co-operation and Development (OECD). Hence the need for the development of regulations to adapt the previous rules of these taxes to the legal modifications recently introduced.