Andorra Gazettes Decree on Taxation of Digital Currencies

The Andorran Official Gazette June 30 published Law No. 24/2022, clarifying the tax treatment of digital currencies. The law includes measures: 1) exempting digital currency mining from the indirect general tax (IGI), subject to specific conditions; 2) clarifying the taxation of capital gains from digital currencies, and the calculation of gains or losses from the purchase or selling of digital currencies for tax purposes; 3) setting the fees to be paid by taxpayers transacting in digital currencies; and 4) setting the fixed tax rate of 1,000 euros (US$1,028) applicable to registered digital viewers, the annual activity supervision fee of 0.20 ...