Liechtenstein

The increasing use of new technologies and IT systems creates numerous advantages, but also dangers. Due to global networking and the high data density that technical progress brings with it, any financial intermediary can become a potential target for cybercrime. The FMA therefore attaches great importance to the topic of…

Changes to Switzerland’s Value Added Tax (VAT) Act will enter into force on January 1, 2018, with the aim of removing VAT-related competitive disadvantages for domestic companies. Currently, a multinational company pays only VAT on its Swiss turnover. Foreign companies providing services in Switzerland do not have to pay VAT…

A VAT rate of 8% applies to most goods and services. A reduced rate of 2.5% applies to certain everyday consumer goods such as foodstuffs, non-alcoholic beverages, books, newspapers, magazines, medicines, but also to tickets for sports and cultural events. Only overnight stays at a hotel (incl. breakfast) are taxed…