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. i) execution of direct debits, including one-off direct debits;
  2. ii) execution of payment transactions through a payment card or a similar device;
  3. iii)  execution of credit transfers, including standing orders
 1.040 euros

d) Execution of payment transactions where the funds are covered by a credit line for a payment service user:

  1. i) execution of direct debits, including one-off direct debits;
  2. ii) execution of payment transactions through a payment card or a similar device;
  3. iii)  execution of credit transfers, including standing orders
 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