This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious


Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

Email Address: 
Password: 

Login »

Forgotten your password?


Today’s Top Headlines




Andorra Announces Corporate Reorganization Tax Law

by Ulrika Lomas, Tax-News.com, Brussels

19 October 2016

The Government of Andorra has announced a new draft tax law designed to simplify the tax rules for companies undergoing a restructuring.

Unveiling the proposals earlier this month, Finance Minister Jordi Cinca explained that the draft law is required because existing tax legislation does not specifically recognize the tax consequences of corporate restructuring, such as mergers and acquisitions.

Therefore, to ease the tax rules in this area, the profit tax exemption will be introduced for companies undergoing a restructuring.

However, Cinca added that the inclusion anti-avoidance provisions will attempt to ensure that corporate restructurings are undertaken purely for economic, rather than tax, reasons.

TAGS: Finance | tax | law | mergers and acquisitions (M&A) | corporation tax | offshore | legislation | transfer pricing | Andorra

To see today's news, click here.

Leave a comment

Read our Posting Guidelines