Expansion of the Liechtenstein double taxation agreement network (DTA network): Initialling of a DTA between Ireland and Liechtenstein
On 21 February 2024, a double taxation agreement (DTA) between Liechtenstein and Ireland Initialled. The initialled DTA is based on the international OECD standard and considers the requirements of the OECD/G20 BEPS project (Base Erosion and Profit Shifting) to prevent tax evasion and Tax avoidance in a cross-border context.
DTA concluded between Ireland and Liechtenstein
The agreement regulates the avoidance of double taxation in income and wealth taxes. To encourage cross-border investment, no withholding tax is payable on dividends (except for real estate investment trusts (REITs)), interest and royalties. The DTA also regulates the treatment of pension funds, investment funds, asset structures and non-profit organisations under treaty law. As part of the provisions on the mutual agreement procedure between the two countries, an arbitration clause was agreed to resolve difficult double taxation cases.
The exchange of information is based on the international standard, with the automatic exchange of information continuing to be handled via the AEOI agreement between Liechtenstein and the EU. An enforcement administrative assistance was also agreed.
The agreement is an important step towards expanding the Liechtenstein DTA network. It increases legal certainty for investments and strengthens cooperation between Liechtenstein and Ireland.
This Link leads to the official press statement of the Liechtenstein Government.
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