Andorra Gazettes Law on 2024 Budget

The Andorran Official Gazette Feb. 26 published Law No. 1/2024, on the 2024 budget. The law includes measures: 1) providing update coefficients, from 2014 to 2023, for the calculation of tax on capital gains in real estate transfers; 2) extending the exemption from the obligation to submit annual accounts for entrepreneurs and professionals with annual income below 150,000 euros (US$164,077) for the 2023 accounting year; 3) specifying that general indirect tax settlements are made in July and January if a taxpayer’s net annual turnover for their activities is less than 250,000 euros (US$273,463) in the preceding year; 4) specifying that ...