| On
this page:
- ANDORRA
BUSINESS LICENSE FEES
- ANDORRA PAYROLL
TAXES
- ANDORRA PROPERTY
TAXES
In
Andorra there are no taxes on profits, dividends
or income; there is no capital gains tax, no withholding
tax and no sales tax. The taxes impinging on companies
are business license fees, social security contributions,and
property taxes. Corporate entities pay registration
fees to the Government: see Types
of Company and Offshore
Legal and Tax Regimes for details of annual
fees payable depending on status.
Andorra Business License
Fees
All businesses in Andorra, if they are going to
trade in the principality, whether constituted
as companies, individual proprietorships of partnerships,
need to obtain a trading license, or in other
words to register for a particular type of trading,
and this must be done at the Registre de Comerc
in the commune (Comu) where they are based. The
annual cost of this registration is 670 euros.
A holding company, not involved in business activity
as such, does not require a trading license.
BACK
TO TOP
Andorra Payroll Taxes
There is a health and social security system in
Andorra known as the CASS (Caixa Andorrana de
Seguretat Social) which applies to all employees
of Andorran individuals or companies. The rates
of contribution are 13% of salary by the employer,
and between 6% and 9% by the employee. In practice,
the employer often pays the lot. Contribution
rates for non-employed persons range from 200
to 400 euros per month.
BACK
TO TOP
Andorra Property
Taxes
Property taxes are levied by the municipality
in which a business is located; a business renting
its premises will be liable only for business
rates; a business owning or constructing property
for its own use will pay taxes on the acquisition
of property and its construction in addition to
business rates. There is
a Property Acquisition Tax of 2.5% of the agreed
purchase price payable to the Government (that
in turn passes on half of this amount to the respective
commune). This is payable by the purchaser, separately
from the payment to the seller, at the Notary
Public's office at the time of the transaction.All
communes charge a small property rate in addition
to the local rates and services charges. Business
rates are charged on a square metre basis. There
are also small percentage charges on rental income.
|
