The agreements contain comprehensive provisions on tax competences and regulations that affect cooperation between the tax authorities.
The goal of the agreements is to avoid double taxation and prevent tax evasion on income and property tax.
Based on the international OECD standard, the agreements will now be transferred to the state parliament.
They form part of the government’s effort to build Liechtenstein’s network of DTAs within and beyond Europe.
So far, the principality has such agreements with Austria and Switzerland, as well as Germany, Great Britain, Hong Kong and Singapore.