Double tax treaty with Andorra

The Principality of Andorra (once included also in the OECD black list of non-cooperating tax havens,), who committed itself to provide effective information exchange through tax agreement with the EU in 2016, has started negotiating a double taxation treaty with Hungary.

The Prime Minister's decision of 13 March 2018 authorizes the Minister of National Economy to continue negotiations with Andorra on the preparation of a tax treaty on the avoidance of double taxation.

If you or your business have any interest with the Principality of Andorra, it may be worth revising the potential tax obligations in the light of the soon to be born agreement.