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Liechtenstein To Boost DTA Network In 2013

by Ulrika Lomas,, Brussels

19 December 2012

Determined to drive forward the negotiation and conclusion of bilateral tax accords, the Liechtenstein government intends to negotiate double taxation agreements (DTA) with the country’s economically and strategically important partners in 2013.

Liechtenstein’s 2013 negotiation program was drawn up in close collaboration with the relevant associations and government agencies. The program includes key trading partners, identified as target markets with high importance, with whom a DTA should be concluded as a matter or priority. In addition, further "interesting partner states" are listed, namely those that are of interest as future markets, or bridge states or because of their "active agreements policy."

As a result of this active policy, Liechtenstein has already been able to conclude DTAs with key trading partners including Germany and the UK.

Ongoing talks and negotiations pertaining to both DTAs and to tax information exchange agreements are also to be continued and concluded under the program.

Commenting on the 2013 negotiations program, Liechtenstein’s Prime Minister Klaus Tschütscher emphasized that it documents the fact that the government is committed to resolutely driving forward plans to extend its global agreement network. In so doing, the government is taking into consideration the needs of the Principality’s industry while at the same time implementing international standards.

The inclusion of Liechtenstein industry in the shaping of the agreements policy is vital and will help determine the future direction, Tschütscher said.

Liechtenstein’s tax strategy aimed at maintaining and strengthening the competitiveness of Liechtenstein as a location is based on three pillars, on international tax cooperation, on an innovative and competitive national tax legislation as well as an outstanding quality of service in business and administration.

TAGS: tax | tax information exchange agreement (TIEA) | double tax agreement (DTA) | Liechtenstein | offshore | agreements | standards

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