List of Taxes
The rates applicable are specified in Law 10/2013 May, of the Andorran Nacional Institute of Finance [Llei 10/2013, del 23 de maig, de l’Institut Andorrà de Finances] 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 is determined by a fixed amount which is established on the basis of authorised payment services, in accordance with what is established below:
Type of services |
Annual supervisory fee tax rate |
a) Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account. |
1.040 euros |
b) Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account |
1.040 euros |
c) Execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider:
|
1.040 euros |
d) Execution of payment transactions where the funds are covered by a credit line for a payment service user:
|
2.080 euros |
e) Issuing of payment instruments and/or acquiring of payment transactions |
1.561 euros |
f) Money remittance |
521 euros |
g) Payment initiation services. |
3.121 euros |
h) Account information services |
2.080 euros |
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 |