Andorra is a company that has become one of the favourite countries in which people from all over the world love to live. There are various languages that the people in this area love to speak, like the Spanish, French. Here are several reasons due to which people love to live in this area like; the tax rate charged by the government in this country is comparatively low as compared to the other countries.
Not only this, even the person who is planning to start with a new firm can easily do so as the steps involved in the formation of the company are so simple that a person can easily follow them.
Is Andorra charges tax?
The philosophy of this country is the tax haven; as in the starting when this country was established, there was no system to pay the tax amount. However, with the passage of time, the tax system just entered the country, now people have to pay a certain sum of money as the tax amount.
Who can pay tax in Andorra?
All the people who are legally residing in the gestoría y asesoría fiscal en andorra are liable to pay the tax amount. Of th person wants to be considered as the tax payer of the country then he must have the completion of the following points:
- Resident the city for more than 183 days in the principality of Andorra.
- Have the residence card of the country so that they can be considered as the resident.
- Also, another thing that must be checked is whether the economic interest of the person resides in the Andorra.
Once a person can fulfill all these requirements, then he will be considered as a resident of the country and will be liable to pay the amount per the calculations.