Andorra

Andorra clarifies new VAT rates

February 8th, 2013

Andorra introduced a full EU-style VAT regime from the 1 January 2013. This included the new tax at 4.5%, replacing the old sales tax. Reduced 0% and 1%, plus higher 9.5% VAT rates It has recently clarified the supplies subject to the higher, 9.5% VAT rate. Most of these are financial services, which are generally …


Andorra

Andorra introduces VAT at 4.5% in 2013

January 8th, 2013

Andorra has replaced its Sales Tax regime with a full Value Added Tax system from 1 January 2013. The Sales Tax was levied at 4% on most consumer spend.  The new VAT will be more wide ranging, with limited exemptions.  For example, insurance cover will be liable to VAT.  A number of financial services will …