The Customs Treaty between Liechtenstein and Switzerland from 1923 includes the creation of a common customs area and therefore concerns the movement of goods and, above all, customs. The VAT treaty stipulates that the Principality of Liechtenstein adopts the substantive provisions of Swiss VAT law into its national law.

The rules and regulations governing value added tax (VAT) are highly complex, posing a challenge to companies as they seek to stay on top of their tax obligations and ensure compliance. Errors or misunderstandings can trigger significant back taxes, potentially even pushing an organisation into insolvency.
BDO’s seasoned VAT specialists help you to identify - and mitigate – risks. With excellent links to the tax authorities, we are the ideal partners to support you in negotiations and other dealings with the Liechtenstein Tax Administration. And if your business crosses borders, you’ll benefit from the VAT expertise and experience of BDO’s global network.

Services at a glance:
 

• Clarifying complex VAT issues and issuing expert opinions

• VAT planning and defining potential for optimisation

• VAT registrations, preparation of VAT statements and VAT and input tax reconciliations
• Advice on cross-border VAT topics (EU and worldwide)
• Negotiations with tax authorities and support during VAT inspections by the Liechtenstein Tax Administration; obtaining legally binding rulings
• Assumption of fiscal representation, general advice on Liechtenstein VAT obligations for foreign entities

• Foreign VAT reclaims (remuneration/refund procedure)

• Coordination of international issues within our worldwide BDO network