Sarkozy's speech to the General Council co-prince on the occasion of his visit to Andorra
Section: News
Lord Ombudsman General, Mr Prime Minister, ladies and gentlemen, ladies and gentlemen and elected members of the Government; lords, ladies.
Do not be afraid, no doubt, is a great joy for me to have been, and is also a great honor to be first in Andorra today, and to write to your Parliament in this House of the Valley, which is the heart of democracy in Andorra. For over 700 years, your assembly reflects the political unity of Andorra, you've managed to preserve over the differences and make progress through the story. Read the rest of this article »
Tags: taxes , bank secrecy
Agreement between Andorra and Belgium for information exchange on tax matters
Section: Regulations
The BOPA yesterday (32/22) published the Agreement between the Government of Andorra and the Government of the Kingdom of Belgium for information exchange regarding FISC s approved by the General Council at its meeting on 13 May 2010. The agreement applies to the following taxes:
a) with respect to Andorra, the inheritance tax on real estate, capital gains tax on inheritance and estate taxes directly to existing laws; Read the rest of this article »
Tags: taxes , bank secrecy
Agreement between Andorra and Portual for information exchange on tax matters
Section: Regulations
The BOPA yesterday (32/22) published the Principality of Andorra and the Portuguese Republic for the exchange of tax information , approved by the General Council at its meeting on 13 May 2010. The agreement applies to the following taxes:
a) With respect to the Principality of Andorra:
and. Taxes on capital transfers property;
ii. Taxes on capital gains on real estate and inheritance taxes provided by law direct; Read the rest of this article »
Tags: taxes , bank secrecy
Agreement between Andorra and Argentina for the exchange of tax information
Section: Regulations
The BOPA yesterday (32/22) published the Agreement between the Government of Andorra and the Government of Argentina for information exchange on tax matters approved by the General Council at its meeting of 13 May 2010. The agreement applies to the following taxes:
a) With respect to Andorra:
(I) the inheritance tax on property;
(Ii) capital gains tax on inheritance and estate taxes directly established by existing laws of Andorra. Read the rest of this article »
Tags: taxes , bank secrecy
Agreement between Andorra and Spain for the exchange of tax information
Section: Regulations
The BOPA yesterday (32/22) published the Principality of Andorra and the Kingdom of Spain for information exchange on tax matters approved by the General Council at its meeting on 13 May 2010. The agreement applies to the following taxes:
a) With respect to the Principality of Andorra:
- The inheritance tax on property;
- Capital gains tax on inheritance and estate taxes directly established in the existing laws of Andorra; Read the rest of this article »
Tags: taxes , bank secrecy
Agreement between Andorra and France to exchange tax information
Section: Regulations
The BOPA yesterday (32/22) published the Agreement between the Government of Andorra and the Government of the French Republic for the exchange of tax information , approved by the General Council at its meeting of 13 May 2010. The agreement applies to existing tax established by the laws of both countries, the identical or taxes imposed after the signing of the Agreement in addition to or substitute taxes in force and all the taxes that the contracting parties agreed to exchange letters. Read the rest of this article »
Tags: taxes , bank secrecy
Agreement to exchange tax information with Liechtenstein
Section: Regulations
The General Council at its meeting on 22 April 2010 has ratified the Agreement between the Government of Andorra and the Government of the Principality of Liechtenstein to exchange tax information, that s' apply to the following taxes:
a) With respect to the Principality of Andorra:
- The inheritance tax on property;
- The tax on the gain of property inheritance, and
- Direct taxes existing laws established in Andorra;
Read the rest of this article »
Tags: taxes , bank secrecy
Agreement to exchange tax information with the Netherlands
Section: Regulations
The General Council at its meeting on 22 April 2010 has ratified the Agreement between the Principality of Andorra and the Kingdom of the Netherlands for the exchange of tax information , apply to all the taxes.
This Agreement shall enter into force when both parties have notified the implementation of internal procedures necessary for entry into force. Since the entry into force takes effect:
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Tags: taxes , bank secrecy
Agreement to exchange tax information with Monaco
Section: Regulations
The General Council at its meeting on 22 April 2010 has ratified the Agreement between the Government of Andorra and the Government of the Principality of Monaco for the exchange of tax information, that s' apply to the following taxes:
a) concerning the Principality of Andorra:
- The inheritance tax on property;
- Capital gains tax on inheritance and estate taxes directly established in the existing laws of Andorra;
Read the rest of this article »
Tags: taxes , bank secrecy
Agreement to exchange tax information with San Marino
Section: Regulations
The General Council at its meeting on 22 April 2010 has ratified the Agreement between the Government of Andorra and the Government of the Republic of San Marino for the exchange of tax information, which apply to the following taxes:
a) With respect to the Principality of Andorra:
- The inheritance tax on property;
- Capital gains tax on inheritance and estate taxes directly established by existing laws of Andorra;
Read the rest of this article »
Tags: taxes , bank secrecy
Agreement to exchange tax information with Austria
Section: Regulations
The General Council at its meeting on 22 April 2010 has ratified the Agreement between the Principality of Andorra and the Republic of Austria for information exchange on tax matters that apply to the following taxes
a) with respect to Andorra:
(I) the real estate property transfer tax;
(Ii) capital gains tax on inheritance and estate taxes directly established in the existing laws of Andorra.
Read the rest of this article »
Tags: taxes , bank secrecy
Proposed approval of the ratification of 10 agreements on exchange of tax information
Section: Regulations
The Government has come to parliament for approval of the proposed ratification of 10 agreements on exchange of tax information that is processed under the International Treaty qualification, opening a period of fifteen days to submit amendments, with the following countries: Spain , France , Portugal , Belgium , Austria , the Netherlands , Argentina , San Marino , Liechtenstein and Monaco .
See the text of the OECD
Tags: taxes , bank secrecy
The OECD Andorra removes the gray list of countries not cooperating
Section: News
Through a press release the OECD has announced that Andorra is located among the countries that have met the standards for transparency and information exchange on tax matters, having agreed on 17 resolutions, of twelve necessary to abandon So the gray list of countries not cooperating, you must allow the Principality's economic development through participation in an international context.
The agreements signed by Andorra are the following (include the full text of the agreements):
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Tags: Taxation , OECD , banking secrecy
This morning we signed the agreement for exchange of tax information between Andorra and Spain
Section: News
This morning the head of government and the Minister of Finance of the Spanish government signed the agreement for exchange of tax information between the two countries in implementing the provisions of Law 3/2009, exchange of tax information with request , which shall enter into force once it has been ratified by the parliaments of the respective states. The terms of the agreement made public by the government establish that the requests for information should be very detailed and refer to a specific person. You can not, therefore, request information or global collective or indeterminate. This means that there can be what is called "fishing expeditions".
Read the rest of this article »
Tags: taxes , bank secrecy
Law 3/2009, the exchange of tax information with request
Section: Regulations
The BOPA yesterday (21.09.09) Issue 67/21, published by the Law 3/2009, the exchange of tax information with request, aimed at a partial amendment of legislation that protects secrecy and, consequently, the bank secrecy, which establishes the general principles applicable under the exchange of tax information with request by the Principality of Andorra and the United which concludes with either an agreement to exchange information at the administrative level, in terms of taxation or an agreement to eliminate double taxation, in terms of information exchange. Law follows the principles of transparency and exchange of information developed by the Organisation for Economic Cooperation and Development (OECD) and in particular the provisions of Article 26 of the OECD Model Convention on taxation of income and capital, in his text of July 17, 2008. Adopted principles for information exchange in tax matters contained in the model tax convention drawn up by the OECD. The Act includes the inspiring principles as laid down in Article 26 of that agreement model, in his text of July 17, 2008. Detailed rules for exchanges of information between Contracting States, with strict rules of confidentiality and secrecy. At the same time means that, before its application, the state has not done so yet to amend its legislation or administrative practices that represent an obstacle to a correct application of established principles. The law also takes into account the jurisprudence of the European Court of Human Rights, who has spoken repeatedly about the invalidity of evidence obtained from administrative tax if they are used for the purpose of prosecution required the taxpayer.
Check parliamentary procedures and associated documentation.
Tags: taxes , bank secrecy
Regulation of banking secrecy: Bill qualified for the exchange of tax information
Section: Regulations
Text DefInt after the debate in Committee of the bill of exchange tax information with request , and the report of the committee in relation to the amendments, which voted at the meeting of General Council next Monday (09.07.09).
Following the initiatives in relation to parliamentary bill submitted by the Government:
Amendment to the whole alternative text submitted by the parliamentary group of Andorra for Change (26/08/09), while the removed text submitted 29/6/09, what content is specified later.
Proposed agreement submitted by the reformist parliamentary group on which the Government include in the international exchange of information clause to avoid double taxation (08/26/09)
Proposed agreement submitted by the parliamentary group of Andorra for change, creating the special plan for the implementation of data exchange tax (08/26/09)
The General Council issued (8/14/09) on Bill qualified exchange tax information submitted by the Government, together with the documents required for study: Report on the assessment of the economic impact implementing the bill, drafted by the Ministry of Finance, " Tax convention concernant le Modèle of the revenue you fortune "carried out by the OECD dated 17/7/08," Agreement on intercanbio of information in tax matters "( document original ) of the OECD, and " Overwiew of the OECD's international tax evasion where coutering "prepared by the OECD dated 6/8/09; agreeing to the deadline for tabling amendments on 25/8/09.
The bill assumes the Paris Declaration signed by the Head of Government dated 10/3/09 and compiles the model of the Azores OECD information exchange on tax matters, and specifically develops its forecasts Article 26 , and in this sense is partially amending the regulation that protects the confidentiality, bank secrecy and consequently, although the exchange of tax information to apply defined by each respective tax exchange agreement Information or double taxation. The text is based on Article 45 of Directive 2006/48/EC of 14 June 2006 concerning access to the activity of credit institutions, and procedures to make them effective with respect the legitimate rights of interested and affected banks. The text includes the articles on the evolution of international standards in international cooperation on transparency of financial activities and cooperation in the fight against tax evasion. The purpose of the Act is that Andorra can also be in a position, on 24 September 2009, submitted to the OECD and the international community a clear and specific developments in the assumption of its commitments to make possible cooperation in the exchange of tax information on demand.
The preamble refers to the Aunt of the Constitutional Court dated 13/7/01, in which reads: "1. That banking secrecy is far less absolute in Andorra, or could be raised only by reason of Article 145 of the Criminal Code ", according to several laws providing for information exchange on tax matters.
But the bill contains several limitations to information sharing, and part d) of Article 5 establishes a limitation of the exchange of information when one wants to obtain information that the petitioner did not state could get it under their own legislation for the purposes of its tax legislation, or in the last paragraph of Article 8 clearly states that the procedure, which is administrative, does not imply any prejudice or exclusion the guarantees of criminal procedure in Andorra, which remain in effect.
Article 8 regulates the procedure of notification and objection.
request for exchange of information is notified to the person concerned, in the manner provided in the Administrative Code and the person behind the information requested, if necessary, to have thirteen days to make resource opposition to the competent authority, which issued its decision in the next thirteen days, which can be covered, within thirteen days, before the Administrative Section of the Magistracy, which, after the process of hearing decision issued within a maximum of thirteen days. The court is recurrible before the Board of Administrative High Court, in thirteen days after the notification, prior to a procedure for hearing and final decision issued in a short period of thirteen days, after the formulation resource. The lodging of the appeal of initial opposition and appeal courts of first and second instance suspends execution of the decision of the competent authority.
Finally the second final provision excludes any retroactive effect on the demand for information, applied only in the years following the signing tax information exchange agreements and double taxation agreements.
Bill of exchange tax data submitted by the parliamentary group on date 29/6/09 Andorra for Change (retired 25/08/09)
Previous posts: 10/8/09 , 13/3/09
Accord between Belgique et le Royaune of the Principality of Monaco in vue of the échange Renseignements Highlighted Tax (07/15/09)
Tags: taxes , bank secrecy
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
Press the Élysée Andorran banking secrecy in relation to
Section: News
Communiqué of the Présidence de la République
Publié Le 12-03-09 à 19:38
Le Président de la République, in his qualit of Coprince of Andorra, is efforcé depuis plusieurs mois convaincre of the Andorran authority of the needed reforms in December s'engager dans la voie Exige par OECD soit retirée the Principality of liste des paradis fiscaux.
And that is réjouit The government of Andorra entame aujourd'hui avec une négociation OECD mettre in a masterpiece of Trade dispositif d'informations tax.
The engagement of the Principality of his secret lever Bancaire of ici et le mois November 2009 to adapt his progressivement Mining aux standards internationaux exigeants rejoint plus the tradition of historical linkages ses relations avec la who régissent France.
The France maintenant souhaite rapidement negotiate an accord avec d'échange Renseignements of Andorra under suitable standards of the OECD.
Tags: Taxation , OECD , banking secrecy
