The amendment of Law 95/2010 on Corporate Tax declares that, by 2021, companies engaged in the international trade of goods that do not pass through Andorra and intra-group financial management and investment companies will have a general tax rate of 10% or the one in force at that time.
Andorra has good reason to celebrate. We have recently had positive news about communications between Andorra and the rest of the world. On a recent visit to the Spanish prime minister, the Andorran Head of Government, Antoni Martí, was given the government’s promise to install a GPS landing system at the Andorra-La Seu airport in La Seu d’Urgell, Spain. This state-of-the-art technology allows planes to safely land and take off in adverse weather conditions. It is expected to come into operation in spring 2019, the same date that the infrastructure department of the Catalan Government is working with.
The introduced amendment expands the list of states with which tax information relating to financial accounts from 2018 will be automatically exchanged in 2019.
Pending the Government’s decision on its first casino concession, Andorra eagerly awaits the arrival of this new tourist attraction.