Andorra Tax Revenues Rise to €54.4M in Q1 2026 on Strong Gains

Andorra's general indirect tax (IGI), which includes domestic IGI, import duties, and property transfer taxes, brought in €54.40 million during the first quarter of 2026, according to figures released by the statistics office. This marks a rise from €51.99 million in the same period of 2025, though it was similar to the previous quarter's €54.03 million.

Self-assessments for the IGI showed a passed-on base of €2,189.70 million, up 3.1% year-on-year, with the passed-on tax quota at €88.94 million, a 2.9% increase. The borne base reached €1,449.71 million, reflecting 3.2% growth, while the borne tax quota was €58.76 million, up 1.6% from Q1 2025.

Direct taxes also posted gains. The tax on income of non-fiscal residents (IRNR) had a taxable base of €45.27 million, 13.5% higher than last year, with liquidations totaling €2.69 million. Property transfer tax (ITP) collections climbed 16.6% to €5.03 million, and capital gains liquidations jumped 67.6% to €11.34 million.

Updates on personal income tax (IRPF) for the 2024 economic year show declarations rising 1.9% since the prior report, from 28,621 to 29,154. The general taxable base increased 1.1% to €1,402.65 million from €1,387.30 million. The general liquidation base grew 0.6% to €746.80 million from €742.05 million, and liquidation quotas advanced 0.7% to €72.06 million from €71.58 million.

Corporate income tax (IS) declarations for 2024 rose 2.1% to 10,648 from 10,434. The positive taxable base increased 1.6% to €1,748.04 million from €1,720.26 million, while negative bases deepened 1.1% to -€383.98 million from -€379.87 million. Liquidation quotas gained 1.7% to €137.86 million from €135.60 million.

The foreign real estate investment tax collected €3.75 million in Q1 2026, down from €8.86 million in the prior quarter.

These results point to consistent expansion in key tax streams, supported by sustained economic momentum in the Principality.