Liechtenstein Approves Protocol to Tax Treaty with Austria

The Liechtenstein parliament has approved the pending protocol to the 1969 income and capital tax treaty with Austria. The protocol, signed 15 September 2016, is the second to amend the treaty. The protocol:

• Replaces the Title and Preamble of the treaty;
• Replaces Article 25 (Mutual Agreement Procedure);
• Adds Article 26A (Entitlement to Benefits), which includes that a benefit under the treaty will not be granted in respect of an item of income or capital if it is reasonable to conclude that …