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Oct 27, 2016

Andorra's rental income tax is low


INDIVIDUAL TAXATION

Nonresidents are taxed on their Andorran-sourced income.

INCOME TAX

Nonresidents are taxed on their Andorran-sourced income.Married couples must file their taxes separately; joint filing is not permitted.

RENTAL INCOME
Rental income earned by nonresidents is taxed at a flat rate of 10%.

Tax on House Rents

Tax on house rents is levied on rental income and the landlord is liable to pay for this tax. The tax is levied at a minimum rate of 0.4% and a maximum rate of 4%.

CAPITAL GAINS TAX

Capital gains tax on sales of real properties is set between 0% and 15%. The applicable tax rate depends on the holding period or the number of years that the property is owned by the seller.


CAPITAL GAINS TAX

HOLDING PERIOD
TAX RATE
1 year
15%
2 years
14%
3 years
13%
4 years
12%
5 years
11%
6 years
10%
7 years
9%
8 years
8%
9 years
7%
10 years
6%
11 years
5%
12 years
4%
13 years
3%
14 years
2%
15 years
1%
Over 15 years
0%

PROPERTY TAXATION

Property Tax

Property tax is levied on Andorran property at an average of 100 per property. The property owner is liable to pay this tax.

Tax on Built up Real Estate

Tax on built up real estate is levied at a minimum rate of 0.30 and a maximum rate of 3.00 per square metre of built up property.

CORPORATE TAXATION

INCOME TAX

Income and capital gains earned by companies in Andorra is levied at a flat corporate income tax rate of 10%. Income-generating expenses are deductible when calculating taxable income.






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