Liechtenstein: Updated CRS technical guidance

Liechtenstein: Updated CRS technical guidance

The tax authority of Liechtenstein updated the guidance regarding the common reporting standard (CRS) regime.

1000

Related content

  • As per the update, the transmission of CRS bulk reports to the tax administration must use CRS XML schema v2.0.
  • Files must be converted into a “zip file” using the tax administration’s compression tool before being transmitted to the tax administration.
  • CRS single messages can be cached locally and reloaded later, provided that they correspond with CRS XML schema v2.0.
  • CRS single messages that have been saved using the CRS XML schema v1.0 can no longer be changed.

Read a February 2021 report [PDF 70 KB] prepared by the KPMG member firm in Liechtenstein

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal