[2] In accordance with the mandate established in the 1993 Constitution, tax powers are divided between the Comuns — town councils – and the Government.
The same year, the rate was approved by reason of the notarized public faith service (currently repealed) and the tax on real estate property transfers within the framework of fiscal co-responsibility between the commons and the Government.
Government direct taxation begins in 2006 with the entry into force of the capital gains tax on property transfers.
They are: In 2013, Andorra announced plans to impose an income tax in response to pressure from the European Union.
In 2016, Andorra took steps to renounce banking secrecy to end its status as a tax haven.
The more relevant tax on corporations in Andorra is the IS or Impost de Societats (IS), and corresponds to a fixed general rate of 10%.