Andorra to introduce income tax

Under pressure of EU

Andorra is to introduce a tax on personal income for the first time as it faces pressure from its European neighbors to tackle tax evasion.

At the meeting in Paris, Antoni Marti, the head of the Andorran government, told French President Francois Hollande that he will introduce a bill before 30 June.

The principality will “gradually meet international tax standards”, according to the office of the French president.

There is currently no income tax applied to individuals or corporations.