The government of Andorra on 28 June 2017 adopted a proposed amendment to the Tax Act. The amendments are intended to incorporate a number of BEPS-related measures and adapt Andorran legislation to the EU ECOFIN Code of Conduct.
The measures include the following:
Country-by-Country (CbC) Reporting
The Tax Act would be amended by adding new articles 16 bis to 16 quater. The articles provide for the obligation for resident parent companies with annual consolidated revenues in excess of EUR…