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 sectors, as well as stand-alone entities; Measures for the exchange of tax agreements (rulings) in line with BEPS Action 5, and the extension of the automatic exchange of tax information to include exchange with Hong Kong, Macau, Maldives,...