- Law No. 1/2024 on the 2024 budget was published in The Andorran Official Gazette on Feb. 26
- The law includes measures such as providing update coefficients for the calculation of tax on capital gains in real estate transfers
- It extends the exemption from submitting annual accounts for entrepreneurs and professionals with annual income below 150,000 euros for the 2023 accounting year
- General indirect tax settlements are specified to be made in July and January for taxpayers with net annual turnover below 250,000 euros in the preceding year
- For taxpayers with net annual turnover below 3.6 million euros, general indirect tax settlements are specified to be made in April, July, October, and January
- Taxpayers with net annual turnover equal to or exceeding 3.6 million euros will have monthly general indirect tax settlements
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
