Double tax treaty

In September 2024, Xavier Espot, head of government of Andorra, and his counterpart Robert Golob, prime minister of Slovenia, met to discuss issues of common interest, such as initiating negotiations for the signing of a double taxation avoidance agreement between the two countries, offering new business opportunities. They also discussed issues related to strengthening cooperation on digitalisation and artificial intelligence.

During Andorra’s official visit to Lithuania on 17 April 2024, the non-double taxation agreement between the two countries was signed. With this DTA, Andorra now has 17 signed. Lithuania also shared its experience during the process of adaptation to the EU, 20 years after becoming a member country.

In a single round, Andorra and Montenegro conclude the negotiations of the DTA on 10 January 2024, with the initialling of the agreed text. With this DTA, Andorra now has a total of 16 signed conventions for the elimination of double taxation and the prevention of tax evasion and avoidance.

The Andorran Minister of Foreign Affairs, Imma Tor, met with the Secretary General of the Austrian Federal Ministry of European and International Affairs, Nikolaus Marschik, during her visit to Vienna and agreed to begin negotiations on a Double Taxation Agreement (DTA) with the aim of facilitating investment and economic exchange between the two countries, avoiding double taxation.

Andorra and Belgium have successfully concluded negotiations on the new Convention for the elimination of double taxation and the prevention of tax evasion and avoidance between the two countries. With this agreement, Andorra has now negotiated 17 agreements to date.

On 23 March 2023, the negotiations between Andorra and South Korea for an agreement to eliminate double taxation in relation to income tax and to prevent tax evasion and avoidance were concluded. They agreed on the text, which is pending the internal procedures that each country has to go through before it can be signed and approved. With this DTA, Andorra now has 16 DTAs.

At the General Council meeting of 31 January 2023, the DTAs between Andorra and the countries of San Marino and the Czech Republic were ratified. The Principality of Andorra is moving forward with the signing of future DTAs with Iceland, Belgium and the Netherlands. Negotiations are also underway with the United Kingdom, Germany, Mexico, Paraguay and Chile.

In December 2022, the Icelandic delegation, led by Helga Jónsdóttir, Director of the Taxation Department of the Ministry of Financial and Economic Affairs and Marc Ballestà, Secretary of State for International Financial Affairs of Andorra have negotiated and signed a double taxation avoidance treaty, DTA, related to taxes on income and capital, as well as the prevention of tax evasion and avoidance.

On 14 October 2022, the Minister of Finance and Government Spokesman of Andorra, Eric Jover, and the Croatian Minister of Finance, Marko Primorac, in the annual meeting of the IMF in the USA, signed the Agreement between the Principality of Andorra and the Republic of Croatia to eliminate double taxation on income and capital taxes and to prevent tax evasion and avoidance.