Why is it important to declare your assets?
Correctly declaring your savings, investments, and cryptocurrencies in Andorra is essential to comply with tax regulations and maintain legal security. Proper declaration avoids legal issues, facilitates financial planning, and allows optimizing the tax burden within the legal framework.
Bank savings and financial products
- Current accounts and deposits: annual declaration with the corresponding tax rate (maximum 10% personal income tax for residents).
- Investment funds: includes dividend income or capital gains.
- Bonds and securities: income generated within the fiscal period.
To ensure everything is correct, you can rely on the tax advisory service, which will help you prepare declarations according to current regulations.
“Correctly declaring your assets not only avoids penalties but also allows you to plan your finances efficiently and safely.”
Investments in stocks and international markets
If you have investments in stocks, ETFs, or other listed assets outside Andorra, it is important to:
- Correctly register capital gains and dividends.
- Apply double taxation treaties if applicable.
Our accounting management team can help calculate taxes and ensure there are no duplications or errors.
Cryptocurrencies and digital assets
Cryptocurrencies like Bitcoin or Ethereum require specific declaration:
- Register purchases, sales, and transfers that generate capital gains.
- Follow digital taxation regulations to avoid penalties.
Bon Consell offers specialized crypto tax advisory to ensure legal compliance.
Planning and legal strategies
To optimize the taxation of investments, you can consider:
- Distributing investments among products with different taxation.
- Reinvesting gains in projects that allow deductions.
- Ensuring that all operations are properly documented and declared.
Administrative management and accounting management services are key to ensuring legal compliance and efficiency.
Advantages of correctly declaring your assets
- Legal security and regulatory compliance.
- Efficient tax planning within legal options.
- Avoid penalties and future legal issues.
Conclusions
Correctly declaring your savings, investments, and cryptocurrencies in Andorra is essential to comply with the law and optimize taxation. With professional services such as tax consultancy, accounting management, and administrative management, you can ensure that everything is done legally, efficiently, and safely.
