Liechtenstein, Philippines Initial DTA

The Liechtenstein Fiscal Authority May 29 announced the same date initialing of a DTA with the Philippines. The DTA includes measures to: 1) incorporate the OECD’s base erosion and profit shifting (BEPS) initiative for tax evasion and avoidance in cross-border transactions; 2) provide for the exchange of information in accordance with the international standard; 3) apply a reduced 10 percent withholding tax rate on dividends, interest, and royalties; 4) regulate the treaty treatment of asset structures, investment funds, and pension funds; and 5) provide for a mutual agreement procedure (MAP) to resolve double taxation disputes. [Liechtenstein, Tax Administration, 05/29/26]

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