| Tax Flash | January 2023 | «The General Council of Andorra approves the Law on Measures to Reform Direct Taxation and Amendments of Other Tax and Customs Regulations» |
The General Council of Andorra (Consell General) adopted during yesterday’s plenary session, 19 January, the Law on Measures to Reform Direct Taxation and Amendments of Other Tax and Customs Regulations. It will be published in the Official Gazette of the Principality of Andorra (“BOPA”) within the next few days, once it has been sanctioned and enacted by the Co-Princes.
The main objective of this reform, as stated in the explanatory memorandum, is to promote fiscal consolidation, to continue with convergence processes to pursue international standards and to simplify and make the Andorran tax system more coherent, for example, by integrating capital gains tax on real estate transfer into other direct taxes.