Since October 2020, Andorra has been an official member of the IMF. The member countries are organized in groups with mutual interests. Andorra applied to join the group led by Belgium and the Netherlands, due to the financial similarities they share. In November 2020, Eric Jover, Minister of Finance of the Principality of Andorra, met with his Dutch counterpart, Wopke Hoekstra. The reason was to advance in the negotiations of the agreement to avoid double taxation between both countries.
Since 2011 the agreement for the exchange of tax information between Andorra and the Netherlands is active. However, the signing of the double taxation agreement between Andorra and the Netherlands would improve the collaboration between both countries by creating a positive commercial and legal framework.
We will report soon on the progress of this negotiation.