The tax authority of Liechtenstein announced that the reporting deadline for the submission of FATCA and common reporting standard (CRS) reports for the 2019 reporting period has been extended to 31 July 2020 due to the coronavirus (COVID-19) pandemic.
Additionally, Liechtenstein financial institutions are required to notify individuals and legal entities that are subject to being reported under the FATCA or CRS regimes about the transfer of information abroad. Liechtenstein “passive non-financial entities” are required to forward this information to the persons subject to reporting. The deadline transmission of this information is 31 March of the year when this data is to be exchanged for the first time.
Read an April 2020 report [PDF 75 KB] prepared by the KPMG member firm in Liechtenstein
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.