The U.S. IRS has published the bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) reports with Liechtenstein. The arrangement was signed 9 May 2018 and is operative (effective) from that date.
The arrangement provides that pursuant to the provisions of Article 5A (Automatic Exchange of Information) of the 2008 Liechtenstein-U.S. tax information exchange agreement, each competent authority intends to automatically exchange CbC reports received from each rep…