- October 10, 2023
- Posted by: andorrasolutions
- Category: Double tax treaty
Andorra and Austria agree to begin negotiations on a tax treaty to avoid double taxation. On 9 October 2023, during her visit to Vienna, the Andorran Minister of Foreign Affairs, Imma Tor, met with the Secretary General of the Austrian Federal Ministry of European and International Affairs, Nikolaus Marschik. Among the issues they discussed, one of them was to agree to begin negotiating a Double Taxation Agreement (DTA) with the aim of facilitating investment and economic exchange between the two countries, avoiding double taxation.
To date, Andorra has signed a total of 14 Conventions for the elimination of double taxation and the prevention of tax evasion and avoidance with the following countries: Spain, France, Portugal, United Arab Emirates, Liechtenstein, Luxembourg, Malta, Cyprus, San Marino, Hungary, Czech Republic, Croatia, Monaco and Iceland. In addition, 3 Conventions have been initialled and waiting to be signed with the Netherlands, South Korea and Belgium.
Minister Imma Tor took the opportunity to report on the status of negotiations on the association agreement with the European Union and the importance for Andorra of reaching a good agreement.
Minister Imma Tor’s meeting with the United Nations
The agenda of Minister Tor’s visit to Vienna will continue with a meeting with the Executive Director of the United Nations Office on Drugs and Crime (UNODC)/Director General of the United Nations Office at Vienna (UNOV), Ghada Waly. The meeting will provide an opportunity to take stock of Andorra’s participation in this technical agency of the United Nations. The minister will take the opportunity to hand over the official document of the entry of the Public Prosecutor’s Office into the Globe Network for international cooperation to combat corruption.