List of Taxes

The rates applicable are specified in Law 10/2013,  of the Andorran Natiopnal Institute of Finance  and specifically in the following articles:

Article 28 - Authorization tax rate for the creation of a new operating entity in the Andorra financial system

The tax payable is determined by a fixed amount depending on the entity type.

Article 32 - Andorran banks annual supervision tax rate

The tax payable is determined by a fixed amount that is made up of:

• The individual supervision tax rate for each bank, that is determined based on the banks over-all balance sheet, which for year N is established based on its individual annual accounts audited at December 31st of year N-1, in accordance with the following scale:
  
  

  Total individual balance sheet	Annual Supervision Tax Rate
  Less than or equal to €500 million	61.894 euros
  Higher than €500 million and less than or equal to €1,000 million	94.661 euros
  Higher than €1,000 million and less than or equal to €3,000 million	171.638 euros
  Higher than €3,000 million	218.449 euros

• The supplementary supervision fee of €22,658 for all those banks subject to supervision on a consolidated basis by the AFA, if applicable;
• The supplementary supervision fee, corresponding to supervision on a consolidated basis, for all those subsidiaries of entities that are under the supervision of a foreign bank, finance or insurance supervisory authority, in accordance with what is established below:
  
  

  Types of branches or subsidiaries	Annual Supervision Tax Rate
  For each foreign banking subsidiary within the consolidated supervision scope	18.724 euros
  For each supervised foreign non-bank subsidiary active within the consolidated supervision scope	9.362 euros
  For each branch dependent on an entity operating in the system	14.044 euros
  For each representative office dependent on an entity operating in the system	1.561 euros

If the branch or subsidiary belongs to a jurisdiction outside the EU, the tax rate for the aforementioned annual supervision will increase by 50%.

Article 38 - Tax rates for the pre-authorization process and/or registration with the AFA

The tax payable is determined by a fixed amount in accordance with what is established below: