On 22 December 2017, Liechtenstein published Regulation No. 640.01 of 19 December 2017 in the Official Gazette. The regulation provides for the amendment of the Income Tax Ordinance, including the introduction of new rules for foreign tax credits, transfer pricing, and binding tax rulings.
Foreign Tax Credit
The regulation provides that taxpayers may claim a credit for foreign taxes paid on capital gains and other income, to the extent that such income originates from jurisdictions with w…