List of Taxes
The rates applicable are specified in Law 10/2013, of the Andorran National Institute of Finance [Llei 10/2013, del 23 de maig, de l’Autoritat Financera Andorrana] and specifically in the following articles:
Article 28 - Authorization fee for the creation of a new operating entity in the Andorra financial system.
The tax payable is determined by a fixed amount depending on the entity type, in accordance with what is established below:
|
Type of Entity |
Creation Tax Rate |
|
Banks |
32.018 euros |
|
Non-bank Specialized Credit Institutions |
10.673 euros |
|
Financial investment companies |
12.807 euros |
|
Financial investment agencies |
8.538 euros |
|
Asset management companies |
6.404 euros |
|
Financial advisers |
2.134 euros |
|
Collective Investment Schemes Management Companies |
6.404 euros |
|
Payment Institutions |
6.241 euros |
|
Electronic Money Institutions |
6.241 euros |
Article 38 – Andorran Financial Institutions annual rate of supervision
The tax payable for supervision amounts to: 3.021€
Article 40 - Fees for the pre-authorization process and/or registration with the AFA.
The tax payable is determined by a fixed amount in accordance with what is established below:
|
Rate concept |
Pre-authorization and/or registration tax rate |
|
Pre-authorization process |
517 – 103.300 euros |
|
Registration process |
310 – 51.650 euros |