Liechtenstein: Amendments to regulations related to FATCA and CRS regimes

Liechtenstein: Amendments to FATCA and CRS regimes

The tax authority of Liechtenstein issued amendments to regulations related to the FATCA and common reporting standard (CRS) regimes, effective 1 January 2021.

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Among the FATCA-related and CRS-related updates are the following items:

  • Updated obligations for Liechtenstein legal entities and financial institutions
  • Updated definition of “Active NFFE” and “Passive NFFE” (FATCA) and related to “Active NFE” and “Passive NFE” (CRS)
  • Updated the registration obligations of reporting Liechtenstein financial institutions
  • Updated reporting requirements related to missed deadline and information corrections and deletions

Read a January 2021 report [PDF 88 KB] prepared by the KPMG member firm in Liechtenstein

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