In 2014, and with the aim of fighting tax evasion and promote tax compliance, the OECD approved the Common Reporting Standard (CRS), a global standard for the automatic exchange of information in tax matters between jurisdictions (AEOI). This standard lays down how the competent authorities of the countries that have signed up to the CRS automatically exchange information on financial accounts every year.
In the same year, 2014, Andorra committed to implementing the CRS, and in 2016 it signed an AEOI agreement with the EU, incorporating the CRS standard. At a national level, this AEOI commitment was implemented through the approval of Law 19/2016, which establishes the necessary legal framework for its application.
In 2023, the Automatic Exchange of Information (AEOI) team at the Global Forum (OECD) launched its second round of peer reviews. As a result, in November 2023, the peer review team carried out the corresponding on-site visit to assess the effectiveness and understand the organisational and technical structure of both the authorities responsible for this exchange framework and the financial sector.
In the same context, in 2023 the OECD published the Crypto-Asset Reporting Framework (CARF) and the CRS update, with the aim of adapting the automatic exchange of information to the new international standards of tax transparency, including crypto-assets. At present, Andorra has not yet joined the CARF framework, as it is not among the countries initially considered a priority for its implementation by the OECD.
However, the Principality has continued to make progress in updating its automatic exchange of information system under the CRS framework. In this regard, on 14 November 2024 it signed the OECD Addendum to the multilateral agreement on the automatic exchange of information on financial accounts and, subsequently, on 13 October 2025, the Amending Protocol to the Agreement between the European Union and the Principality of Andorra on the automatic exchange of information on financial accounts for the purposes of improving international tax compliance.
Moreover, Law 26/2025, amending Law 19/2016, incorporates into the Andorran legal framework the update to the CRS standard resulting from the work initiated by the OECD and the European Union. The amendment came into force on 1 January 2026, and the first exchange of information under this new framework will take place in 2027 with respect to information relating to the 2026 tax year.
