Changes between two versions
What changed between the plenary report and the adopted text
From · plenary report· 20 Oct 2025
on the proposal for a Council decision on the conclusion, on behalf of the Union, of the Amending Protocol to the Agreement between the European Union and the Principality of Andorra on the automatic exchange of financial account information to improve international tax compliance
To · adopted text· 13 Nov 2025
EU-Andorra agreement on the automatic exchange of financial account information: Amending Protocol
The two versions differ only in presentation: cover page, numbering, or the parts a report carries that the adopted text does not.
+4 added · −11 removed · 1 changed paragraphs, packaging included.
Part 2 of 2: EXPLANATORY STATEMENT
Removed:EXPLANATORY STATEMENT
Removed:The proposal is to give an opinion to the Amending Protocol to the Agreement between the European Union and the Principality of Andorra on the automatic exchange of financial account information to improve international tax compliance, which was concluded in 2016.
Removed:The Agreement provides the legal basis for the reciprocal automatic exchange of financial account information between the Member States and the Principality of Andorra. The main objective of the Amending Protocol is to improve administrative tax cooperation in the following ways:
Removed:● to ensure that the automatic exchange of financial account information is in line with the updated Common Reporting Standard (CRS) developed by the Organisation for Economic Cooperation and Development (OECD) and with the respective EU rules i.e. the Council Directive (EU) 2023/226 (DAC8), which implemented the latest amendments to the CRS within the EU. It should be highlighted that as a result of the recent update of the CRS, its scope was extended to cover electronic money products and central bank digital currencies. Furthermore, the updates also contain provisions to ensure an efficient interaction between the CRS and the separate Crypto-Asset Reporting Framework (CARF). It should be noted that Andorra will implement the CARF in the future, thus the application of the CARF related provisions is postponed to the future;
Removed:● to update the legal reference on data protection legislation: all the references to the repealed Directive 95/46/EC were removed and replaced with references to the GDPR (i.e. Regulation (EU) 2016/679). It should be noted that Andorra is the beneficiary of an EU adequacy decision concerning data protection.
Removed:Including the above listed changes to the Agreement would result in better cooperation based on common rules and enhance the fight against tax evasion and money laundering, thus bringing added value for both the Member States and Andorra. The modifications of CRS will apply from 1 January 2026 and - in line with that - the respective provisions of DAC8 will apply in the EU from that onwards.
Removed:According to Article 218(6)(b) TFEU, the Council can only adopt the decision to conclude the agreement after the European Parliament gives its opinion.
Removed:The rapporteur welcomes the conclusion of the Amending Protocol to the Agreement between the European Union and the Principality of Andorra on the automatic exchange of financial account information to improve international tax compliance, as it is an important step in continuing and deepening the administrative tax cooperation between the parties. The Amending Protocol ensures that the existing agreement remains aligned with the respective EU legislation.
Removed:In view of the technical nature of the proposal and the urgency of adopting the proposal, your rapporteur proposes that Parliament approves the proposal without amendments pursuant to a simplified procedure without amendments (rule 52). However, the rapporteur would like to raise that the Parliament should be involved at an earlier stage of the process and have more time to prepare its opinion next time.