Liechtenstein amends AEOI Regulation

On 17 December 2019, the Liechtenstein Tax Authority issued Gazette No.374 amending the regulation of Automatic Exchange of Financial Account Information (“AEOI”) under the Common Reporting Standard (“CRS”) (Link-German)

The following three amendments have been made:

  • Article 4 (1) f.: changing the definition from “a capital deposit account for the purpose of establishing legal entities” to “a capital payment account for the purpose of establishing legal entities, provided that the establishment is completed within 90 days of the opening of the capital payment account and the paid-up amount has been credited to the legal entity;”.
  • Article 4 (1) h: Repeal of accounts of an association founded and organized in Liechtenstein, which does not pursue economic purposes from the list of exempt accounts.
  • Gazette No. 374 also features the current list of Participating Jurisdictions including the recent changes discussed in an early December Blog post (Link-Blog).

For a comparison, please view the version effective until 31 December 2019 (Link-German), and the amended version which came into effect on 1 January 2020 (Link-German).

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