On 4 December 2018, the Liechtenstein Tax Authority released an updated version of the “Anleitung AIA Reporting (CRS)”, which represents reporting instructions regarding the Common Reporting Standard (Link-German).
Furthermore, on 21 December 2018, the Liechtenstein Tax Authority released “Newsletter 5/2018” (“Newsletter”). This newsletter provides information on the recent changes in the Liechtenstein Automatic Exchange of Information (“AEOI”) legislation regarding the Foreign Account Tax Compliance Act (“FATCA”) and the Common Reporting Standard (“CRS”) (Link-German).
Changes described in the Newsletter concern the following items (Link-German):
- Extension of the list of AEOI partner jurisdictions;
- Annulment of the list of AEOI participating jurisdictions and a provision stating that participating jurisdictions are considered partner jurisdictions; and,
- Classification of a non-profit legal entity being rated as an active non-financial entity.
Consequently, the Automatic Exchange of Information leaflet (“AIA Merkblatt”) was updated on the same day to cover the above-mentioned changes (Link-German).