With the aim of continuing to encourage foreign investment, the Andorran government has approved a new quota for immigration authorizations for residence and self-employment.
If you are part of the administration or are responsible for any of the financial institutions affected by IAI (Automatic Exchange of Information) listed in this article, you should know that you have the obligation to communicate the corresponding information to the competent body.
In late June, the Andorran government approved the draft law on amendments to the Law on Corporate Income Tax (IS), in order to comply with BEPS measures, promoted by the OECD and the code of Conduct of the European Union to combat harmful tax practices.
Those liable for the automatic exchange of information are required to: - Identify the affected account holders under the terms established by the procedures described in Annex I of the Act, which can lead to the application of self-declarations holders and individuals control over their tax residence and other documentation, as well as establishing procedures contrast ...
