Directive on taxation of savings income in the form of interest payments

This agreement establishes a framework for the European Community and Andorra to cooperate on the taxation of savings income. It aims to prevent tax evasion by ensuring that interest payments from savings accounts are properly taxed, mirroring the standards set by EU directives.

This procedure affects financial institutions and individuals with savings accounts in Andorra, requiring greater transparency and cooperation between tax administrations to ensure fair tax collection.