Liechtenstein implements internationally agreed tax standard

11/11/09 - Liechtenstein has signed two additional Tax Information Exchange Agreements with Belgium and the Netherlands bringing to 12 the number of agreements it has on exchange of information for tax purposes and thus crossing the threshold for being considered to have substantially implemented the internationally agreed standard in this area.

This moves Liechtenstein into the category of ‘Jurisdictions that have substantially implemented the internationally agreed tax standard’ in the Progress Report that was updated on Tuesday evening in Paris.

OECD’s Secretary-General Angel Gurría welcomed that Liechtenstein takes its place alongside other countries that have substantially implemented the internationally agreed tax standard and said: “I would like to commend Liechtenstein for its swift implementation of the OECD standard on exchange of information. After its acceptance of the standard on 12 March 2009, Liechtenstein has within a few months turned into reality its commitment to fully cooperate in tax matters. I would like to congratulate Prime Minister Klaus Tschütscher for his leadership and continued efforts in this process”.

The OECD has also been informed that Liechtenstein is in advanced negotiations with a number of countries for the conclusion of similar agreements and has recently joined the Global Forum in Transparency and Exchange of Information.

For further information, journalists are invited to contact in Liechtenstein; Mr. Max Hohenberg (Tel: + 423 236 74 61, e-mail: press@liechtenstein.li, web: www.liechtenstein.li) or at OECD; Pascal Saint-Amans of the OECD’s Centre for Tax Policy and Administration (Tel: + 331 45 24 97 46, e-mail: Pascal.Saint-Amans@oecd.org) or news.contact@oecd.org.