Amending Protocol to Tax Treaty between Liechtenstein and Switzerland has Entered into Force

The amending protocol to the 2015 income and capital tax treaty between Liechtenstein and Switzerland entered into force on 1 December 2021. The protocol, signed 14 July 2020, is the first to amend the treaty and includes the following main changes:

• The preamble is replaced in line with OECD BEPS standards
• Article 25 (Mutual Agreement Procedure) is updated to provide that mutual agreements are to be implemented regardless of the time limits of the domestic law of the Contracting States;
• A ne…