"The Value Added Tax Act of the Principality of Liechtenstein, Part 1"

The Value Added Tax Act (VAT) of Switzerland and the Principality of Liechtenstein are based on the State Treaty of October 28, 1994 and the Agreement of November 28, 1994, which came into force on January 1, 1995. Both countries have almost identical VAT regulations, although there are some differences. For example, the first 50 articles of both laws are almost identical, with only legal and geographical differences. Another example is the management of collective investment schemes, which are exempt from VAT in both countries, but take local circumstances into account. A major difference is the import tax, which is missing in Liechtenstein law and instead refers to the Swiss VAT Act. Other differences relate to procedural law, penal provisions and special regulations based on the state treaty. Despite the differences, both laws aim to ensure a uniform interpretation of VAT.

Topics in the publication

• Common VAT regulations in Switzerland and Liechtenstein
• Comparison of the VAT laws
• Import tax
• Procedural law
• Penal provisions
• Special regulations based on the treaty
• Technical and administrative differences