Double Taxation Agreement Uk Liechtenstein

We can provide current and historical tax rates, comparison tables and country surveys through our specialized tax databases. We have current key summaries and detailed analysis of the tax system in countries around the world on corporate taxation, individual taxation, business and investment. In concluding negotiations on its 21st Double Taxation Convention, Liechtenstein pursued its objective of ensuring legal certainty and creating non-discriminatory tax rules for multinational companies. In this regard, it should be noted that the new treaty also provides for a reciprocal agreement procedure to resolve any difficulties between the two countries. Overall, the new Double Taxation Convention of Liechtenstein and the Netherlands is fully aligned with the OECD/G20 BEPS (Base Erosion and Profit Shifting) project and offers full tax transparency on the basis of the Global Automatic Information Exchange Standard (AIA). A Comprehensive Double Taxation Agreement (DTT) is currently in force with Andorra, Austria, Czech Republic, Georgia, Germany, Guernsey, Hong Kong, Hungary, Iceland, Jersey, Lithuania, Luxembourg, Malta, Monaco, San Marino, Singapore, Switzerland, United Arab Emirates, United Kingdom (United Kingdom) and Uruguay. A brief remark on Liechtenstein`s tax legislation: Since 2011 Liechtenstein has had an internationally recognised tax system that provides, among other things, a 12.5% tax on corporate profits. Liechtenstein is aware of the so-called interest-adjusted income tax, which allows deductible interest charges to be imposed on ex-Cess funds. Dividends are directly tax-exempt and companies have tax groups. The carry-over of tax losses related to the compensation of future profits is not limited in time. However, in accounting years, at least 30% of annual profit must be taxed. Liechtenstein does not levy unilateral withholding tax on dividends, interest or royalties. For several years, Liechtenstein has concluded double taxation agreements with major countries (Germany, Austria, Luxembourg, United Kingdom, Guernsey, Hong Kong, Malta, Hungary, Uruguay, Singapore, French public opinion, San Marion, Andorra, Georgia, Iceland) and has negotiated a bilateral information exchange with more than 25 countries.

Liechtenstein is thus clearly committed to the “clean money” strategy and is an attractive tax site – thanks to the DTT-LIE also in combination with Switzerland. Tax optimisations in international group structures are now made possible by the inclusion of Lichtenstein holdings. In addition, international financing structures are becoming more tax-efficient thanks to a “financial subsidiary” in Liechtenstein, headquartered in Switzerland. Additional information on taxation in that country may appear in general works that are not on this list. If you need help identifying available material, please contact the request team. Since 1 January 2017, Switzerland and Liechtenstein have entered into a double taxation agreement that regulates possible differences in income and wealth tax (“DTT-LIE”).

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