Analysis of the regulatory changes of Law 3/2024, of February 1st, on the tax on foreign real estate investment in the Principality of Andorra
Analysis of the regulatory changes of Law 3/2024, of February 1st, on the tax on foreign real estate investment in the Principality of Andorra Undoubtedly, foreign investment, in the various forms it is welcomed within the Principality, has been a fundamental element for economic growth, the attraction of entrepreneurship, talent, innovation, knowledge, increased productivity, and […]
The income tax campaign for the fiscal year 2023 begins
The income tax campaign for the fiscal year 2023 begins This week has marked the launch of the income tax return campaign for 2023 in the Principality of Andorra, and what many people are wondering at this point is whether they are obliged to file personal income tax or whether, on the contrary, the law […]
Prevention of Money Laundering and Financial Account Registry Regulation
Prevention of Money Laundering and Financial Account Registry Regulation Preventing and combating money laundering and/or terrorism financing is one of the national priorities, leading to the adoption of various legislative initiatives. In this regard, on February 21, 2024, Decree 64/2024, dated February 14, 2024, approving the Regulation of the Financial Account Registry and assimilated accounts, […]
Discrimination Arising with the New Law 3/2024, of February 1st, on Taxation of Foreign Real Estate Investment in the Principality of Andorra
Discrimination Arising with the New Law 3/2024, of February 1st, on Taxation of Foreign Real Estate Investment in the Principality of Andorra. To understand the current state of the country regarding foreign investment, it is useful to go back to the year 2008; the year the first legislative initiative on this matter took place. With […]
Alternative dispute resolution methods – the specific case of mediation
Alternative dispute resolution methods – the specific case of mediation The mere fact of being born and living in society implies the need to coexist with others. As a result of this cohabitation, conflicts of various natures can arise, among which, legal disputes may emerge. In such cases, the option that a large part of […]
Legislative modifications of the taxation on real estate transactions in the principality of Andorra
Legislative modifications of the taxation on real estate transactions in the principality of Andorra For several years now, the issue of housing has been shaking the economies of developed countries, and Andorra is no exception. Being one of the main issues that have structured the latest electoral campaigns – both at the national and communal […]
The European Union reaches an agreement to regulate Artificial Intelligence
The European Union reaches an agreement to regulate Artificial Intelligence The European Union (hereinafter EU) has taken a leadership position in the race to regulate Artificial Intelligence (hereinafter AI), as on December 8th, 2023, all member states met for 3 days and reached a provisional agreement regarding the regulation of AI, a project known as […]
Internal Regulatory Compliance – Theoretical and practical part
Internal Regulatory Compliance – Theoretical and practical part Regulatory compliance, also known as ‘compliance,’ is essential for law firms, to the extent that we are subject to various regulations and standards in both the legal and business spheres. There are also other financial subjects required to comply, as well as certain individuals or legal entities […]
Self-Employment Contribution Rates in Question (CASS Corrections)
As we outlined in our Newsletter on October 25, 2023, the Caixa Andorrana de Seguretat Social (CASS) has decided to review the contribution rates for self-employed workers in the Principality of Andorra. For this purpose, as the competent authority in this matter, CASS must analyze the relevant data to determine the corresponding contribution rates in […]
The regulation of financial activity in Andorra
Financial activity in Andorra is one of the pillars on which the principality’s economy has traditionally relied. A significant portion of the Andorran state’s revenue comes from this economic sector. It’s not surprising, therefore, that financial activity is strictly regulated. In fact, the regulation prohibits the practice of financial activity in Andorra without prior authorization […]