Andorra Tax Overview

Andorran tax system at a glance

• Standard tax year — Calendar year (1 January to 31 December) ((approx — confirm; companies may adopt a different financial year)) (Llei 5/2014 de l'impost sobre la renda de les persones fisiques (IRPF))
• Currency — Euro (EUR) (Acord monetari entre el Principat d'Andorra i la Unio Europea (2011))
• Tax authority — Departament de Tributs i de Fronteres (Ministeri de Finances) ([Departament de Tributs i de Fronteres](https://www.impostos.ad))
• Basis of taxation for residents — Tax residents are taxed on worldwide income; non-residents only on Andorra-source income (Llei 5/2014 IRPF / Llei 94/2010 de l'impost sobre la renda dels no residents fiscals (IRNR))
• Headline personal income tax rate — 10% maximum (0% up to EUR 24,000; effective ~5% on EUR 24,001-40,000; 10% above EUR 40,000) % (Llei 5/2014 IRPF)
• Headline corporate income tax rate — 10% (Impost sobre Societats) % (Llei 95/2010 de l'impost sobre societats (IS))
• Does Andorra have a VAT/GST? — Yes — Impost General Indirecte (IGI), standard rate 4.5% (Llei 11/2012 de l'impost general indirecte (IGI))
• Personal income tax (IRPF) filing window — 1 April to 30 September of the year following the tax year (Llei 5/2014 IRPF)
• Corporate income tax (IS) filing deadline — Within 6 months following the close of the tax year (typically by 31 July for calendar-year filers) ((approx — confirm exact statutory window with Departament de Tributs)) (Llei 95/2010 IS)
• Wealth, inheritance and gift tax — Andorra levies no wealth tax, no inheritance tax and no gift tax (Andorran tax code (absence of wealth/inheritance statute))
• Communal (local) taxes — Each of the 7 parishes (comuns) levies local taxes such as the foc i lloc residence tax and business activity taxes ((approx — rates vary by parish; confirm locally)) (Llei de finances comunals)