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Andorran Government Approves Draft Tax Reform Bill Including 30% of EBITDA Interest Limitation and 3% Minimum Effective Tax Rate

|Proposed Changes|Andorra
Andorra

The Andorran government has announced the approval of a draft tax reform bill. Key reform measures include:

  • A 30% of EBITDA interest deduction limitation in line with BEPS Action 4, including:
    • a EUR 500,000 safe harbor, with excess interest expenses allowed to be carried forward to subsequent years; and
    • an exemption from the restriction for companies in the banking, credit, and insurance sect…

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