Summary
The report supports a new agreement between the EU and Andorra to automatically exchange financial information, aimed at combating tax evasion and fraud. 10 01.10.2016
Other
economy
taxation
public administration
international relations
financial institutions and credit
Key points
- The agreement aims to strengthen international tax cooperation between the European Union and Andorra.
- It upgrades previous agreements to meet modern EU administrative cooperation standards and OECD global requirements.
- The protocol mandates the automatic exchange of financial information, including interest, dividends, account balances, and proceeds from asset sales.
- The agreement is intended to enter into force on 1 January 2017.
Documents (PDFs)
REPORT on the proposal for a Council decision on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community and the Principality of Andorra providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments
EU-Andorra agreement on the automatic exchange of financial account information *
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