Andorra's Q4 2025 Indirect Tax Revenue Rises 13.5% to €54.28 Million
Boost driven by higher domestic activity, imports, and property transfers, with broader indirect taxes reaching €82.58 million amid economic recovery.
Key Points
- Andorra's Q4 2025 IGI revenue rose 13.5% to €54.28 million from Q4 2024.
- Broader indirect taxes reached €82.58 million, driven by domestic activity and imports.
- Property transfer taxes surged 47.5% to €6.51 million amid buoyant market.
- Taxable base for self-assessments up 7.3% to €2,597.36 million.
Andorra's Finance Ministry collected €54.28 million in indirect general tax (IGI) during the fourth quarter of 2025, marking a 13.5% rise from the same period in 2024, according to data released by the Statistics Department.
The IGI total covered domestic taxes, import duties, and property transfers. Self-assessments by taxpayers produced a passed-on base of €2,597.36 million, up 7.3% year-on-year, with the passed-on quota reaching €103.86 million, a 7.7% increase. The borne base climbed to €1,943.67 million (up 10.6%), and the borne quota hit €80.61 million (up 10.8%).
Broader indirect tax revenues for the quarter totalled €82.58 million. Property transfer taxes (ITP) jumped 47.5% to €6.51 million, while real estate capital gains settlements rose 1% to €10.32 million. The tax on foreign real estate investment contributed €8.86 million, and non-resident income tax (IRNR) saw its taxable base surge 36.7% to €41.19 million, with settlements at €2.41 million.
These figures reflect stronger domestic activity, rising imports, and a buoyant international property market—key pillars of Andorra's economy. Officials link the gains to recovery in consumption and services, alongside base expansion evident in 2024 personal income tax declarations (up 1.7%) and corporate tax filings (up 2.2%).
The trends confirm IGI as a vital economic indicator, tracking public revenue growth through late 2025.
Original Sources
This article was aggregated from the following Catalan-language sources: