On 29 October 2026, the Andorran Government announced significant progress in tax transparency and international information exchange standards during the 13th Conference of Competent Authorities hosted by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes. State Secretary for Finance Lorena Jordana represented Andorra at the meeting in Montreal, where delegates assessed the practical implementation of exchange-of-information standards under the second round of peer reviews. The participation underscores Andorra’s ongoing commitment to implementing the OECD’s standards for exchange of information on request (EOIR) and automatic exchange of information (AEOI), including the Common Reporting Standard (CRS) and the Country-by-Country Reporting (CbCR) framework. These efforts align with the Base Erosion and Profit Shifting (BEPS) Action Plan and the European Union’s criteria for cooperative tax jurisdictions. Andorra has undertaken substantial legislative reforms, including amendments to the Qualified Law on International Tax Cooperation, to meet evolving global transparency requirements and to strengthen its position as a cooperative jurisdiction.
Key Takeaways
- Enhanced Transparency Commitments: Andorra continues to strengthen its legal and operational framework for tax information exchange, demonstrating substantial compliance with OECD peer review recommendations. The presentation highlighted legislative amendments to the Qualified Law on International Tax Cooperation and the implementation of spontaneous exchange mechanisms, ensuring that Andorra’s tax administration can effectively respond to information requests from treaty partners.
- Peer Review and Mutual Evaluation: The 13th Conference of Competent Authorities focused on the second round of peer reviews assessing the practical implementation of exchange of information standards. Andorra’s active engagement signals its dedication to maintaining a transparent tax environment and avoiding inclusion on EU or OECD grey lists. The outcome of this review cycle will be critical for Andorra’s continued access to EU financial markets and its reputation in international tax governance.
- Impact on Cross-Border Compliance: Multinational enterprises and financial institutions operating in or through Andorra should anticipate enhanced due diligence requirements and reporting obligations. The advances presented may lead to updated guidance on beneficial ownership registers, trust transparency, and the exchange of tax rulings under BEPS Action 5. Tax professionals should monitor forthcoming Andorran regulatory updates and OECD guidance to ensure compliance with evolving reporting standards.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement