Germany And Liechtenstein Agree On Tax Information Exchange

by Ulrika Lomas, Tax-News.com, Brussels

14 July 2009

Liechtenstein and Germany have initialled a tax information exchange agreement. The text of the agreement follows the OECD Model Tax Convention and provides for an exchange of information on request. The agreement will come into force once the ratification process has been concluded and will be effective from the beginning of the 2010 tax year.

"This agreement is an important step in our relationship with Germany. It also gives a clear signal with regard to other current negotiations which we want to conclude swiftly in order to implement the OECD standards', said Prime Minister Klaus Tschütscher. 'The text of the agreement initialled today is analogous to the agreement concluded with the USA back in December 2008. It provides for a due process in the exchange of information between Germany and Liechtenstein and thus offers legal security for clients and financial intermediaries."

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