Taxing times in Andorra

Andorra is poised to introduce a personal income tax, a move reported to put an end to its long-standing status as a tax haven.

The article says Andorra is introducing personal income tax because it is coming under pressure from its European neighbours to tackle tax evasion.

Yes — according to the article, the planned personal income tax is expected to put an end to Andorra's status as a tax haven.

Andorra is a tiny nation in the Pyrenees mountains on the border between Spain and France; its location matters because it sits between European neighbours pushing for measures to combat tax evasion.

No — the article reports that Andorra is 'poised to introduce' personal income tax but does not provide a specific timeline or start date.

The article specifically mentions the introduction of personal income tax; it does not discuss any changes to corporate tax rules.

Yes — the article states the shift is happening as Andorra comes under pressure from European neighbours to tackle tax evasion.

No — the article does not detail the specific impacts on everyday investors or residents; it only reports the planned introduction of personal income tax and the reasons given for the change.