The Liechtenstein government has issued a release announcing the conclusion of negotiations with the initialing of an income and capital tax treaty with Romania on 20 May 2021. According to the release, the treaty provides for a withholding tax exemption on dividends and a 5% withholding tax rate on interest and royalties. The treaty is the first of its kind between the two countries and must be signed and ratified before entering into force. Additional details will be published once availab…