The Tax Act applies as follows to individuals with unlimited tax liability:
- The principle of one-time taxation of market income.
- Primacy of property tax with integration into the labour tax.
- No probate,inheritance or gift tax.
- Domestic and foreign investment incomes are tax-exempt, as well as capital gains.
- Simplification of progression in a 7-tier pricing.
- Foreigners resident in Liechtenstein without gainful employment can be taxed on request