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Today’s Top Headlines

Andorra Creates New Tax And Border Department

by Ulrika Lomas,, Brussels

17 January 2014

Andorran Finance Minister Jordi Cinca and Tax Affairs Director Albert Hinojosa have presented details of the decree governing the functioning of the Principality's new Tax and Border Department.

Attached to the Finance Ministry, the department will be responsible for application of both the general administration tax system and the customs system, following the merger of the Tax Department and the Customs Department.

Cinca and Hinojosa explained that the Andorran Tax and Border Department will be tasked with ensuring efficient implementation of the tax and customs systems, including management, assessment, collection, inspection and enforcement of the country's tax penalty regime, control of revenue collection, participation in the drafting of legislation, and responding to tax queries.

Finance Minister Cinca described the new body as "a transitory and necessary step" towards the creation of the future Tax and Border Agency, an autonomous unit intended to manage all state taxes.

The objective is to establish the taxes, the new organizational structure, and computer applications in 2014, to guarantee that the system functions correctly, Cinca revealed, noting that no new taxes are due to enter into force in Andorra this year.

TAGS: compliance | Finance | tax | value added tax (VAT) | tax compliance | tax avoidance | corporation tax | enforcement | legislation | individual income tax | Andorra | Tax | Tax Evasion

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