- December 2, 2022
- Posted by: andorrasolutions
- Category: Double tax treaty
Andorra and Iceland have signed a convention to eliminate double taxation, DTA, related to taxes on income and capital, as well as the prevention of tax evasion and avoidance. This took place on 1 December 2022 in Andorra.
A delegation from the Republic of Iceland travelled to Andorra for the negotiations, which were spread over 3 working days, and subsequently signed the agreement.
The delegations of the two participating countries were led by Helga Jónsdóttir, Director of the Taxation Department of the Ministry of Financial and Economic Affairs of Iceland, and Marc Ballestà, Secretary of State for International Financial Affairs of Andorra.
Once the negotiations between the two countries have been completed, each will proceed with its internal procedures leading to the ratification of the text and its subsequent approval and signature by the two states.
Taking into account the agreement signed with Iceland, Andorra has so far negotiated 15 agreements to avoid double taxation and prevent tax evasion with the following countries: United Arab Emirates, Spain, France, Liechtenstein, Luxembourg, Malta, Portugal, Cyprus, San Marino, Hungary, Czech Republic, Netherlands, Monaco and Croatia.