INTERNATIONAL TAX PLAZA - Liechtenstein – Italian TIEA entered into force

According to the overview of DTAs and TIEAs as available on website of the Liechtenstein Government the Agreement between the Government of the Italian Republic and the Government of the Principality of Liechtenstein on the Exchange of Information on Tax Matters (Hereafter: the TIEA), which was signed on February 26, 2015, entered into force on December 20, 2016.

Based on Article 12, Paragraph 2 of the TIEA (“Entry into Force”), the fact that the TIEA entered into force means that the provisions of the TIEA shall have effect for all requests regarding acts, facts, events and circumstances related to the period starting as from February 26, 2015.

Based on Article 3, Paragraph 1 of the TIEA (“Taxes Covered”) the axes which are the subject of this Agreement are:

a) in the Principality of Liechtenstein:

- the personal income tax (Erwerbssteuer);

- the corporate income tax (Ertragssteuer);

- the corporation taxes (Gesellschaftssteuern);

- the real estate capital gains tax (Grundstücksgewinnsteuer);

- the wealth tax (Vermögenssteuer);

- the coupon tax (Couponsteuer);

- the value-added tax (Mehrwertsteuer);

b) in Italy:

- the personal income tax (IRPEF)

- the corporate income tax (IRES);

- the regional tax on productive activities (IRAP);

- the value added tax (IVA);

- the inheritance tax (imposta di successione);

- the gift tax (imposta sulle donazioni);

- the tax on insurance premiums – imposta sui premi assicurativi

- the financial transaction tax (imposta sulle transazioni finanziarie);

- the tax on immovable property located abroad (IVIE)

- the tax on financial assets held abroad (IVAFE);

- the substitute taxes.

The TIEA arranges for the exchange of information upon request (Article 5), the possibility to conduct tax examinations abroad (Article 6) and for a mutual agreement procedure (Article 10).

Click on the language of your choice to be forwarded to the Agreement between the Government of the Italian Republic and the Government of the Principality of Liechtenstein on the Exchange of Information onTax Matters in that language (English or German).

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