List of Taxes
The rates applicable are specified in Law 10/2013, of 23 May, of the Andorran National Institute of Finance and specifically in the following chapter:
Chapter five - Taxes for the provision of services in the field of supervision of insurance and reinsurance
|
Tax concept |
Tax rate |
|
Supervision of the insurance activity of resident insurers and reinsurers or delegations of non-resident entities |
Variable tax rate, which is the result of applying a rate of 0,9567 per thousand on the base tax rate, which in turn consists of gross premiums issued by the taxpayer |
|
Authorization of commencement of activities of an insurance or reinsurance entity resident in Andorra |
10.070 euros |
|
Authorization for the establishment of a non-resident delegation of an insurance or reinsurance entity in the Principality of Andorra |
10.070 euros |
|
Authorization or modification of internal guides |
2.014 euros |
|
Outsourcing or concentration of functions |
302 euros |
|
Portfolio transfer |
1.510 euros |
|
Structural modifications |
1.510 euros |
|
Adjustments for the calculation of technical provisions |
604 euros |
|
Authorization for the reimbursement of equity elements |
1.510 euros |
|
Extension or removal of insurance or reinsurance entity activity |
5.035 euros |
|
Changes and appointments in senior management |
302 euros |
|
Changes in shareholder participation |
604 euros |
|
Changes in the appointment of external auditors |
302 euros |
|
Issue of certificates |
201 euros |
|
Exemption from the publication of an annual report |
302 euros |
|
Establishment of control functions within the group |
604 euros |
|
Application for the declaration of equivalence |
1.511 euros |
|
Application for authorization to implement the simplified scheme |
1.007 euros |
|
Application for authorization to initiate the procedure for the dissolution and liquidation of insurance and reinsurance entities |
3.021 euros |
|
Registration in the Mediation Registry |
504 euros |