OECD Global Forum confirms Liechtenstein’s high degree of tax compliance with overall rating of “Largely Compliant”

In its press release, the Liechtenstein Government emphasised that it attaches great importance to compliance with international standards. According to Prime Minister Hasler, “Compliance with international and European regulatory standards is a prerequisite for market access and the competitiveness of the Liechtenstein financial centre. We have clearly stated this in our financial centre strategy presented in February 2019. It is gratifying that once again today, this strategic orientation has been confirmed as absolutely correct.”

The LBA likewise considers the current OECD country report to be positive and extremely important. The report confirms that Liechtenstein not only implements the OECD standards in legal terms, but is also effective in applying them and putting them into practice. The “Largely Compliant” overall rating should therefore also be understood as an appreciation and recognition of the efforts and measures implemented in the field of taxes over the past years, at the level of both the Government and of market participants. The positive report illustrates the credibility of Liechtenstein as a reliable partner of the international community. At the same time, it is proof that Liechtenstein's long-standing path of compliance with international standards and taxation is the right one and must continue to be pursued consistently.