Liechtenstein Gazettes Law Amending Pillar 2 GloBE Act

The Liechtenstein Official Gazette Dec. 23 published Law No. 640.2, amending the Global Anti-Base Erosion (GloBE) Act, on the minimum taxation of large corporate groups under the OECD’s Pillar Two. The law includes measures: 1) requiring reporting entities located in Liechtenstein to proactively register with the tax authorities within 15 months from the end of the financial year that the GloBE declaration covers; 2) requiring these entities to immediately notify of changes, and proactively deregister if their status as a reporting entity terminates; 3) authorizing the tax authorities to conduct audits for compliance; 4) requiring the tax authorities to inform ...