Andorra has one of the most competitive tax systems in the world, according to a report provided by the Government of Andorra. The results of the analysis of the ‘paying taxes’ indicator, a sub-indicator of the World Bank’s ‘doing business’, show the taxation that companies must support in the Principality is the twentieth lowest of a total of 191 countries analysed.
The study also shows that a medium-sized company with around 60 employees is taxed at 26.5%, whereas the world average is 40.5%.
