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Andorra Seeks More DTAs

by Ulrika Lomas,, Brussels

19 October 2012

In addition to ongoing negotiations with France, Andorra has opened negotiations with Belgium and Switzerland towards double tax agreements.

An approach to the two governments was made at the Francophonie summit in Kinshasa, Congo, and comes as part of Andorra’s wider strategy to open its economy to foreign investment and to move towards closer fiscal collaboration with foreign governments.

In a statement, the Andorran government has reiterated “Andorra’s commitment to promote competitiveness and transparency vis-à-vis the international community”.

As far as DTAs are concerned, Andorra seems to have given priority to French-speaking countries. For example, Andorra has also taken active steps over the recent months towards a new DTA with France, and is in the process of negotiating a DTA with Luxembourg.

TAGS: tax | investment | offshore confidentiality | double tax agreement (DTA) | Belgium | banking | Luxembourg | offshore | offshore banking | France | Switzerland | Andorra

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