Liechtenstein praised for implementation of standard against tax evasion

The Global Forum on Transparency and Exchange of Information for Tax Purposes has awarded Liechtenstein the best possible rating of “in place” for its implementation of and compliance with the global standard for the Automatic Exchange of Information (AEOI) in tax matters that aims to combat international tax avoidance and evasion. The result was announced by the Global Forum at its annual plenary meeting on November 9-11, 2022, which was held in Seville in southern Spain, further details of which can be found in a press release issued by the Liechtenstein Bankers Association (LBA).

Accordingly, as an organ of the Organisation for Economic Co-operation and Development (OECD), the Global Forum has recognized “that Liechtenstein fully complies with the international OECD standard both in the implementation of the legal framework and in the effective implementation of the AEOI in practice”.

This assessment is based on the review of Liechtenstein and other states participating in the AEOI between 2020 and 2022 as part of a peer review process. This is carried out by the Automated Information Exchange (APRG) peer review group, which comprises 30 members overall, including Liechtenstein.

According to the information available, this review process will continue over the years to come. There will be an on-site review in Liechtenstein in the second quarter of 2023. Liechtenstein was one of the first countries to introduce the AEOI standard in 2016.

The current mandate of the Global Forum to review compliance with international OECD standards on tax transparency has been extended until the end of 2025. In total, 165 countries are members of the Global Forum. Liechtenstein has been a member since 2009 and is also represented on the organization’s Steering Group.

Share article

More news

QR-bill replaces payment slips

The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.

weiterlesen

Liechtenstein banks to pay for holiday activities

Together with the Office for Social Services, the LBA has organized a free program of holiday activities for children. This is aimed at easing the burden during the summer holidays on families that have faced serious challenges in connection with the coronavirus crisis.

weiterlesen

Investor Summit Liechtenstein looking for champions

Start-ups and SMEs looking for capital can now apply for the Investor Summit Liechtenstein. Winners will have the opportunity to present their ideas in front of around 250 investors. Carsten Maschmeyer and Prinz Max von und zu Liechtenstein will appear as speakers.

weiterlesen

LLB ensures the sustainability of its gold fund

Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.

weiterlesen

If you click on "Accept all cookies", you agree to the storage of cookies on your device in order to improve navigation on the website, to analyze the use of the website and to support our marketing activities. Learn more

When you visit a website, it can retrieve or save information via your browser. This usually takes place in the form of cookies. This can be personal information, your settings or your device. Most of the time, the information is used to ensure that the website functions as expected. This information does not normally identify you directly. This can provide you with a more personalized web experience. Since we respect your right to data protection, you can choose not to allow certain types of cookies.

If you click on close and do not accept the cookies, no analytics or performance cookies will be activated. By clicking on "close" and then on "accept all cookies" you can benefit from the unrestricted experience with the website and the services.

Explanations:

Analytics-Cookies: With these cookies we can count visits and understand how and where users come to our site and where they leave our site. This is used to measure and improve the information offered on our website. They also help us to determine which pages are most popular and least popular and to see how users move around the website.

Performance cookies: These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us answer the questions about which pages are most popular, which are the least used and how visitors move around the website. All information these cookies collect is aggregated.

Close