With tax season almost 2 months behind us now, we’ve finally been able to throw file all that crap away until next year. What a relief it is to delete our accountant’s number from the speed dial. Sadly, we also know tax season will rear it’s ugly head again next April and the stress begins again. So that’s why I thought I would dedicate this blog to anti-tax season that exists year round in Andorra. That’s right, we don’t file personal income tax in Andorra.
Take a minute and let it register.
Imagine sailing though the month of April without a looming tax deadline. Yes, it’s true. I’ve seen people literally tear up when I’ve told them that we don’t file taxes.
So beyond the no-tax filing benefit – what else does Andorra offer?
Basically, Andorra is a picturesque Alpine landscape, with more sunny days than cloudy days (ash cloud permitting). It’s small, but that means it’s easy to get around, you can be on the ski slopes by 9am and back for lunch at home by noon. I know some folks who actually ski during their lunch hour. Beyond skiing, a variety of other sports are on offer including, hiking, climbing, mountain biking, mushroom hunting… well, you get the idea. If you are like me, tracking and hunting down the perfect pair of shoes also counts as a sport (have you been to Zara on a Saturday?)
The children who grow up in Andorra are the luckiest of all. They generally speak 3 or 4 languages by the age of 5 and their parents have a choice between French, Spanish or Andorran school systems. The Andorran school system is based on the Montessori model, where students learn in different ways and each subject is taught in a different language. For an old medieval country, their school system is surprisingly progressive. After school, the kids here have it all from a range of sports, ski clubs, karate, judo, music, art, ballet, theatre…the list goes on (and I’m only talking about Ordino, a town of 3000).
So no taxes, great healthcare, modern school system, international banking…what else? How about – little or no unemployment, no crime, and duty-free alcohol. Not sure if it’s the fresh air, the spring water or the duty-free alcohol, but Andorra ranks high in life expectancy reports.(https://www.cia.gov/library/publications/the-world-factbook/rankorder/2102rank.html) Is life expectancy directly related to filing taxes? Are there fewer heart attacks in Monaco, San Marino and Andorra because “notice of assessment letters” don’t exist? Does preparing income taxes actually take years off your life?
Now imagine re-locating here for 6 months while you produce a TV series or a film. Umm, doesn’t sound so bad. And tax credits… we don’t need them, we’re tax-free!