Liechtenstein and Germany Intend to Conclude Tax Agreement

Liechtenstein and Germany Intend to Conclude Tax Agreement

Recently Liechtenstein’s Prime Minister Klaus Tschütscher and German Finance Minister Wolfgang Schäuble have had talks on current taxation and financial market issues.

During those talks both countries’ representatives expressed their wish to solve the issue of tax transparency. Currently Liechtenstein is considering the idea of concluding a withholding tax agreement with Germany. It is expected that the tax treaty between Liechtenstein and Germany would have some similarities to the withholding tax agreement concluded recently between Germany and Switzerland and would help to resolve the dispute on undeclared and untaxed assets of German residents held in Liechtenstein banks.

Unlike the Swiss-German agreement providing for a withholding tax to be levied by the Swiss banks and for the amount of the tax to be subsequently transferred to the German tax authorities, while at the same time maintaining client anonymity, Liechtenstein would prefer to conclude a treaty providing for an automatic exchange of information, for this would reduce costs and liability issues.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved