±JOIN OUR NEWSLETTER

Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!



We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners

Taxation

Andorra - Taxation


Andorra is Europe's least known tax haven. There is no income tax - although the new deposit system for passive residents effectively loses you the interest on 24,000 Euros. There is a new property purchase tax of 1.25% but no capital gains tax, no inheritance tax, no wealth tax, no profits tax, no value added tax. Consider what you are presently paying in tax annually and compare that with the above advantages. It is easy to see why so many people choose to base themselves in Andorra!

If there are no taxes, how does the Government raise the revenue to run the country? Well, first of all, not a lot of money is necessary to run a country with a population of 65,000 residents. Andorra is a neutral state and has no army to maintain. Its defence budget is non-existent. Secondly, a small customs duty is levied on all items imported into Andorra. The Principality receives approximately 8 million visitors each year. Many of them spend a lot of money on purchases carrying the duty which provides the state with its revenue. The duties vary from 3% to 40%. On consumables they range from 3% to 12%, with building materials, books and furniture at 4%, cars, computers and leather goods at 7% and jewellery at 12%. Alcohol and cigarettes bear a special rate of between 12% and 40%. Gasoline incurs a heavy duty.


Read more about this country



Expat Health Insurance Partners


Aetna

Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.