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Liechtenstein: Updated AEOI guidance

Liechtenstein: Updated AEOI guidance

The tax authority of Liechtenstein published an updated version of automatic exchange of information (AEOI) guidance.


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The updated guidance includes:

  • Criteria for assigning a natural person to a financial institution
  • A procedure for reporting changes in the classification of a legal entity
  • Reporting obligations regarding capital deposit accounts and club accounts
  • Additional information regarding insurance when a self-employed agent is considered to be a customer advisor for specified insurance company, but a broker does not qualify as a customer advisor
  • A review process for account holders, noting that a reporting financial institution may decide not to obtain a self-certification from the account holder if it can reasonably determine from the information in its possession or publicly available that the account holder is not a reportable person

Additionally, the tax authority stated that CRS bulk reports can be sent to the tax administration, as the periodic maintenance work is completed. Following this maintenance, financial institutions can share larger amount of data per transaction.

Read a May 2020 report [PDF 77 KB] prepared by the KPMG member firm in Liechtenstein

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