Liechtenstein Gazettes Law Amending VAT Act

The Liechtenstein Official Gazette June 7 published Law. No. 641.20, amending the law on VAT. The law includes measures: 1) setting the standard tax rate to 8.1 percent from 7.7 percent, the reduced rate on the delivery of specific items to 2.6 percent from 2.5 percent, and the rate on accommodation services to 3.8 percent from 3.7 percent; and 2) providing reporting obligations for taxpayers earning an income of 5,024,000 Swiss francs (US$5,527,801) from 5,005,000 francs (US$5,506,896) and tax payable to 108,000 francs (US$118,830) from 103,000 francs (US$113,328). The law enters into force Jan. 1, 2024. [Liechtenstein, Official Gazette, 06/07/23] ...