Liechtenstein: Tax

Through a total revision on 01/01/2011, the Principality of Liechtenstein brought into force a new tax law, characterised by its simplicity, clarity, international compatibility, decision neutrality and conformity to European law. Before 01/01/2011, particular taxed legal entities were taxed during a three-year transition period up until 31/12/2013 under the old law. The LiechtensteinTaxAct was receivedpositively by theESAon account of itsEuropeanlegal compliance.

In addition to the two main types of tax for legal and natural persons, Liechtenstein still recognises a gains tax on domestic property, as well as a moderate levy on the creation of legal entities and a levy on insurance premiums.