Summary
The European Parliament has approved an update to the tax information exchange agreement with Andorra. This ensures that modern digital assets like electronic money are included in automatic reporting and that data protection follows current GDPR standards. 10 05.12.2025
Other
economy
taxation
international relations
financial institutions and credit
information technology and data processing
Key points
- The proposal aims to modernize the tax cooperation agreement between the EU and Andorra.
- The update aligns the agreement with the latest international standards for financial reporting.
- New digital assets, including electronic money and central bank digital currencies, will now be included in the automatic exchange of information.
- Legal references for data protection are being updated to ensure full compliance with current European privacy laws.
Documents (PDFs)
REPORT on the proposal for a Council decision on the conclusion, on behalf of the Union, of the Amending Protocol to the Agreement between the European Union and the Principality of Andorra on the automatic exchange of financial account information to improve international tax compliance
EU-Andorra agreement on the automatic exchange of financial account information: Amending Protocol
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