The Agreement on Avoidance of Double Taxation between Liechtenstein and the Czech Republic entered into force at the end of 2014. Also from 1 January 2015 came into force of the Agreement for the Avoidance of Double Taxation with Malta, Canada, China and Singapore.
The Liechtenstein Parliament has also adopted a number of changes that will be applied to the tax period of 2014, in particular, for companies:
- The nominal interest deduction rate is set at 6%;
- Losses from foreign PE or from a foreign group of companies may be deducted in the parent company in Liechtenstein for five years;
- Capital gains from the sale or liquidation of state or foreign legal entities, obtained by both residents and non-residents is exempt from taxation.
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