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