Liechtenstein: FATCA, CRS reporting deadline extended to 31 July 2020 (COVID-19)

Liechtenstein: FATCA, CRS reporting deadline extended

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.

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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

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