Insights

This Tax Alert informs that based a people’s decision of 24 September 2017 the Swiss VAT rates for supplies as from 1 January 2018 are going to change as follows.

In addition to the goal of harmonising data protection, the EU General Data Protection Regulation (GDPR), directly applicable in the EU since 25 May 2018, is to serve to introduce a standard of data protection in the EU that meets state-of-the-art requirements of the internet age. As an EEA Member State, Liechtenstein adopted the GDPR in July 2018. In this connection the Liechtenstein Data Protection Act was revised and entered into force on 1 January 2019. The Swiss Data Protection Act is currently also being revised, and generally reflects the main thrust of the GDPR. It is not anticipated to be enacted until 2020.

Bitcoin transactions are based on Blockchain technology, which is said to be able to conduct anonymous transactions using pseudonyms. Although these pseudonyms do not contain any immediately evident personal data, this does not mean that data protection regulations can be disregarded for sensitive or very sensitive personal data. Since 2010/2011, it has been known that the identities behind bitcoin pseudonyms can be determined. Data contained in the transaction history can thus be attributed to actual people. Providers of Blockchain-based cryptocurrency transactions must therefore implement the new EU General Data Protection Regulation (“EU GDPR”) by the end of May 2018 and take account of the planned reforms to the Swiss Data Protection Act (“DSG”). e industries.

Grant Thornton Switzerland/Liechtenstein is appearing as a gold sponsoring partner at this year’s FinTech Conference in Liechtenstein. This attractive platform offers inspiring talks, workshops and various networking opportunities to financial service providers in Liechtenstein – now for the third year in a row.

The OECD Base Erosion and Profit Shifting/BEPS initiative obliges Switzerland for spontaneous information exchange on content of tax rulings with foreign fiscal authorities as from January 1, 2018.

Tax Alert Switzerland in the focus: CbCR in Switzerland

Switzerland: An attractive location to onshore corporate mobile income functions

Emerging markets are at the forefront of the global shift from direct to indirect taxation, but what are the implications to your business?

Corporate Tax Reform III

Tax Mandatory Steuerberatung Mehrwertsteuer Mandatory VAT Registration for Non-Established Businesses

record global revenues, press release

The AG is the preferred legal form of a company in Liechtenstein. The AG is a capital related company, which pursues economic purposes and operates a commercial business. The registered capital is divided into shares. The liability is limited to the amount of the company assets. The general part of a company is regulated in art. 106 – 245 of the Liechtenstein Persons and Companies Act in Liechtenstein (PGR). The provisions regarding the AG can be found in art. 261 – 366 PGR.

FINANCE FORUM LIECHTENSTEIN AM 9. MÄRZ 2017

Across a number of countries, the way internationally mobile employees are taxed is being shaken-up. This follows the G20/OECD-led Base Erosion and Profit Shifting (BEPS) Action Plan recommendations set out earlier this year.

As we explore in European M&A activity 2016, transaction volumes and values are down from the record high of 2015, but deal demand remains strong and fresh opportunities are emerging all the time. What’s driving activity in key markets and how can your business capitalise?

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