Many clients are not aware that Liechtenstein also has lump-sum taxation, as exists for example in Switzerland, Italy (since 2017) or Greece

The Tax Information Exchange Agreement (TIEA) between Liechtenstein and France has been in force since 19 August 2010. The TIEA applies to tax periods from 1 January 2010 or, where no tax period applies, to all tax claims arising on or since that date.

The small principality of Liechtenstein will get a completely new tax law from January 1 st, 2011 on. After dealing with more or less the same tax provisions for the last 60 years this is something striking.

It is proposed to implement a total revision of Liechtenstein’s tax law. The aim is to modernise the present legal order with regard to taxation, to take account of international developments.