Andorra expected to sign double tax treaty with Spain

???????????????????????????????????????????????????????????????????????????Andorra is expected to sign a DTA (double tax agreement) treaty with Spain in December 2014. Spanish president Mariano Rajoy will travel to the principality of Andorra this December to sign the final version of the double tax treaty avoidance agreement between Spain and the Principality of Andorra.

Negotiations over a final draft had started this September 2014. The agreement between Spain and Andorra will be a tremendous step forward for Andorra’s economic opening and will also lay the groundwork for further treaties with other European countries.

The French-Andorran double tax agreement is pending approval of the French parlament. A similar timing is expected for both treaties to go into effect early 2015.