Extension until October 25 in the analysis of the amendments to the draft tax laws
Section: Legislation , News
The Audit Office has agreed to extend until the 25th of October 2010 submission of the draft report of the tax law on income tax of non-residents of Andorra , the Principality of tax of Andorra and the income tax on economic activities .
On the other hand the Government has announced that on Tuesday, June 29 presented the Bill of VAT has approved in Cabinet, and that should replace most existing indirect taxes currently. The project contains a general rate of 4.5% and reduced by 1% for hospital services and health, social care, children, cultural services, rents, food, water and medicines.
Previous posts: The government goes to parliament the package of tax laws ; Calendar for tax reform and double taxation conventions
Tags: taxes
Regulation of excise
Section: Regulations
The Government has approved the amendment to the Excise Regulations (BOPA 31/22), in development of the recently approved Law 11/2010, April 22, amending Law 27/2008 of 20 November excise duty, where changes are necessary to make certain aspects of the regulatory development envisaged in the amendment of the Act, in particular all aspects of the figure of the taxpayer and the purchaser any change in the use of diesel called color 2710.19.41.2 position of the General Nomenclature of Products, as well as any changes in returns management by reason of using transport. Read the rest of the article »
Tags: taxes
Amendment of Law on Excise Duties
Section: Regulations
The BOPA yesterday (22/29) published by Law 11/2010, April 22, amending Law 27/2008 of 20 November, excise tax , in order to improve the management of these taxes to both importers and the administration, it is necessary to review some mechanism, especially the tax base of beers and wines.
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Tags: taxes
Review of additional securities and settlement ITP
Section: Juris. Administrative , Decisions
"Second. - Article 14 of Law of the real estate property transfer tax provisions that the Administration can check the value of real property or rights transferred. To get the real value, the Administration should use a rating system based on a valuation expert, sufficiently motivated, the goods subject to the transmission. In any case, the taxpayer may promote contradictory expert valuation provided in the Act the legal basis of taxation.
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Tags: taxes
The government goes to parliament the draft law amending the Law on Excise Duties
Section: Regulations
The Government has entered the parliament draft law amending Law 27/2008 of 20 November, excise tax , in relation to alcohol, tobacco and oil products, which by their nature generate social costs, health, environmental and structural factors, largely, are assumed by the State and aims to improve management of these taxes for both importers and the administration, some mechanism is reviewed, especially tax base of beers and wines. At the same time in order not to increase the tax burden for operators that use hydrocarbons, particularly diesel as fuel in their productions, and manufactures industrial processes, extending the uses to target the tax rate reduced. In order to ensure control of the use of this fuel, the Act establishes a penalty of their own in addition to the provisions of Law 5/2004 of the Customs Code. Finally, considering the actions and fluctuations in the tax systems of neighboring countries to combat illegal trafficking that may be important incentives for differential pricing, we review the general rate of taxes on consumption.
Tags: taxes
The transfer of property between members of an unmarried couple is exempt from property tax
Section: Juris. administrative
"Third. - As a starting point to resolve disputes, should remember that the settlement of a tax must be made in accordance with current legislation on the date on which your event occurs. Consequently, in this case must meet the legal position on 16 July 2004, in which, as mentioned before, was formalized in public deed transfer assets of the undivided half of the property question.
In terms of exemptions from the tax, is applicable to Article 4 of the Act of 29 December 2000, which only includes, among other assumptions that are unrelated to this case, the transfer of assets and rights made in the context of the dissolution and liquidation of the economic system of marriage. Since the donation in favor of the appeal does not occur in this area, as there was no marriage between donor and donatari, it is clear that the exemption does not apply before mentioned.
The appellant invokes Article 14 of Law 4/2005 of 21 February, described the connections established between couples, which has registered with the unions equated to marriage, for purposes of applying the current tax legislation on transfer property. However, this rule is not applicable when the tax event occurred before its entry into force, because, says the judgment appealed, Law 4/2005 contains no provisions that determined retrospective application of the same and, accordingly, should be the general principle to which reference has been made before, according to which the payment of tribute was made in accordance with legislation prevailing on the date on which your event occurs.
From another perspective, consider that the agent's claim is contrary to Article 9 of Law of the legal bases of taxation, whereby exemptions or allowances can not be used beyond its strict terms, not admitting to the analogy in these cases. However, the appellant requested that ultimately will be applied by analogy to the exemption at the time of the event to the tax, was only predicted for the award of rights and goods made in framework of the dissolution and liquidation of the financial double. "
Judgment of the Superior Court room administrative dated 9/7/07, speaker A. Andres, number 41-2007.
The government goes to parliament pack tax laws
Section: Regulations
The Government yesterday came to the Audit package of tax laws, including:
The bill to tax the Principality of Andorra , which should allow the opening to the outside of the Andorran economy along with the modernization of the tax system and a more equitable distribution of tax burdens. The tax is synthetic character, so subject to tax on a unitary whole income from tax for legal persons resident in Andorra to carry out an economic activity. For the purposes of eliminating double taxation internal, is considered deductible from the gross amounts paid to the municipal tax on income tenants. The tax taxable income from the world for legal persons. The tax base is calculated based on the accounting profit, but at the same time introducing some corrections or adjustments to tax-sheet.
The bill to tax the income of economic activities , tax on profits earned by residents when they have not adopted, for carrying out its activities, corporate form. The tax is structured according to the standards set internationally, particularly in the context of the OECD to facilitate the positive resolution of future negotiations to sign agreements to avoid double taxation. The approval of this tax will repeal the tax on the corporation law of the rate on the Register of Holders of Economic Activities. The bill gives the ability to make a simplified estimate of the costs deducted to simplify management of tax by taxpayers, while the concept of the minimum exempt and takes into consideration the number of descendants in children by the taxpayer.
The bill to tax the income of tax non-residents of Andorra , charged on income from economic activities developed in Andorra by individuals or entities not resident for tax and labor income received by persons not resident tax. If the income obtained without mediation of a permanent establishment, the tax falls on every transaction, and instant accrual on income, in principle, obtained by the gross non-resident tax, unless there is an agreement to eliminate double imposition. Estalo law definition of taxpayers from the tax (the residence for tax purposes, the corporation is governed by the law of income tax), as well as those responsible, retainers and representatives of taxpayers, on which revolves around the management of the tax, especially in the form of non-resident tax payers without permanent.
Tags: taxes
Timetable for tax reform and double taxation conventions
Section: News
The Minister of Economy and Finance Pedro Lopez presented today at a press conference the timetable for tax reform, ¡s in accordance with the following display:
- On 20 August the government will get parliamentary groups the 3 bills: Bill of corporation tax in the Principality of Andorra, the tax bill on income from economic activities and Bill to tax the income of nonresidents.
- On 11 September the Government will enter the parliament 3 bills.
- And before the end of the 3 year bills should be approved by the General Council.
At the same time the Government has initiated contacts with different countries to sign tax information exchange agreements and before the G20 summit in Pittsburgh is like to have most of the agreements signed. France, Spain, Netherlands, Belgium, Luxembourg, Portugal, Monaco and San Marino are among the countries that make up the list of 20 jurisdictions contacted. In this regard the Government has now come to parliament the bill of exchange of tax information, which are examined in detail in Article 4 of the procedure requests for exchange of information, Article 5 sets various limitations on the exchange, while Article 6 specific confidentiality. Article 8 sets out the notification procedure and the possibility of opposition by presenting either administrative or judicial resources, respecting the maximum of 90 days stipulated by the 0CDE. Finally, the additional provision of the bill strengthens INAF supervision as an entity.
See the entry on the bills of the previous term.
Tags: taxes
Exchange of tax information and tax returns of non-residents for real obligation
Section: News
The General Council has published the legislative initiative of the parliamentary group with less representation (APC) in relation to the law of motion data exchange tax and Proposed tax law yields no real obligation to residents .
Tags: taxes , bank secrecy
The Community of La Massana ordinance amending the tax for the postponement and installments of tax debts
Section: Regulations
By agreement of the Common Council dated 10 June 2009 ( BOPA 47/21 ), the Community of La Massana has approved the amended ordinance regarding tax payments, deferments and installments of tax debts. Among other extreme are determined by postponements and / or installments for a period exceeding two months from the date of completion of the period for voluntary payment of the fee or payment with a maximum of eleven months, will upon presentation of a guaranteed form of bank guarantee of the amount deferred or installment. The minimum amount of monthly installments of, in any of the methods indicated, is 100 €.
Tags: taxes
Income Tenants: Andorra la Vella
Section: Fiscal Obligations
The Council of Andorra la Vella reported that the deadline for the declaration of income tenants just coming 30/4/09. You can get the forms for the declaration of the Joint Counter service.
Tags: taxes
Tax on the establishment of commercial, business and professional: Scald
Section: Fiscal Obligations
The taxpayers of the tax establishment of commercial, business and professional fees of Hygiene and street lighting, and the fees for installation of signs in the ordinance-established tax (art.10, 12 and 20) and the ordinance on public prices (Art. 4.1) to have Scald the voluntary payment period of the first half of the tax until the date 7/5/09. Payment may be made by debit to the account of a bank in the Principality of Andorra, designated by the taxpayer, or directly serving the common procedures ( BOPA 21/27 ).
Tags: taxes
Corporate tax and VAT
Section: Regulations
The Ministry of Finance through its website (www.finances.ad) has announced the projects for the development of a corporate tax law of the Principality of Andorra and the business tax and the VAT Act , that do not have the character of bills not having been approved by the Government, nor have entered parliament.
The issue according to Journal of Andorra
Considerations of the advisers of the Law on VAT.
Tags: tax , VAT , corporation
