Liechtenstein and San Marino have recently initialled a double taxation agreement (DTA) in accordance with the OECD Model Convention.
The agreement between the two countries provides for administrative assistance in tax matters under Article 26 of the OECD Model Convention, demonstrating Liechtenstein’s commitment to international cooperation in tax matters, and to strengthening ties with the Republic of San Marino.
The agreement is due to be signed ahead of the forthcoming G20 meeting on September 24.
San Marino is the second country with which Liechtenstein has negotiated a double tax agreement containing the extended administrative clause. Liechtenstein has also recently concluded a DTA with Luxemburg, in accordance with OECD standards.
Liechtenstein agreed in March to adopt OECD standards on tax information exchange, and in August, signed an accord with the UK, aimed at recovering outstanding taxes from British investors with undeclared funds lodged in Liechtenstein.
An agreement on the exchange of tax information was also reached with the United States last December, and with Germany earlier this month.
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