Liechtenstein And The European Union (EU) Savings Tax Directive.

Mondaq Business Briefing, June, 2004

Liechtenstein has come to an agreement with the European Union on the EU Savings Tax and will therefore retain the same withholding tax as Switzerland. As everybody expected, Liechtenstein developed within the frame according to what Switzerland has already worked out. Therefore a short look to what has happened in Switzerland is important to understand the treaty and the differences to Switzerland.

Switzerland has finished its negotiations on the nine treaties called "Bilaterals II". This article will only focus on the cooperation pertaining to the EU (European Community) savings tax (tax on interest of savings accounts of physical persons living ...