The IGI of Andorra is the Indirect General Tax, similar at the VAT at other countries. It is presented by companies and professionals to collect incomes for the Andorran governance, aiding at financing public kicks and infrastructures.
l Indirect General tax (IGI) of Andorra is a fundamental tribute for companies and professionals, governed by the law 11/2012. Here we detail you some key aspects:
Exemption to present the IGI: According to the law 11/2012 the section 4 of the article 5, the professionals or employers are free to pay the IGI when the amount of the deliveries of sakes and features of kicks realised do not surpass the annual figure of 40.000€
The first year of activity, the new societies have to present the IGI of quarterly form.
Presentation according to the turnover from the second year: - Less of 250.000€ semiannual. - Less of 3.600.000€ quarterly. - More of 3.600.000€ monthly.
Regarding the turnover with IGI, applies the following:
- Turnover in Andorra: All the bills emitted in the Andorran territory have to take *IGI, tracking the local rules.
- Turnover out of Andorra: At case to realise operations out of Andorra, is necessary to track the rules of corresponding localization and apply the second pertinent taxes the legislation of the country in question.
With these guidelines, the companies can manage better his turnover and conform with the debentures established by the law.
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