Delegation leaders have recently initialled the bilateral tax information exchange agreement (TIEA) between Japan and Liechtenstein, following the conclusion of negotiations.
In its release, the Liechtenstein government explains that the TIEA provides for mutual assistance on request between the two countries and is in accordance with the Organization for Economic Cooperation and Development (OECD) standard.
Both states are committed to further developing their relations in the area of taxation, the government adds.
According to the Liechtenstein government, the TIEA with Japan marks a further step forward in consistently implementing its international agreement strategy. The agreement is evidence of Liechtenstein's ambitious programme aimed at extending its double taxation agreement network, the government continues, noting that Liechtenstein is currently in negotiations with a number of other states.
Commenting on the initialling of the agreement in Vaduz, Liechtenstein's Prime Minister Klaus Tschütscher emphasized that the accord reflects the country's
commitment to consistently pursuing the path of international cooperation in tax matters and serves to strengthen its economic ties with a key OECD and G20 member state. Japan is a major partner in South East Asia for both Liechtenstein industry and for the Principality's financial centre.
The TIEA with Japan is due to be signed this year, and will enter into force following the subsequent completion of the ratification process in both countries.
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In its release, the Liechtenstein government explains that the TIEA provides for mutual assistance on request between the two countries and is in accordance with the Organization for Economic Cooperation and Development (OECD) standard.
Both states are committed to further developing their relations in the area of taxation, the government adds.
According to the Liechtenstein government, the TIEA with Japan marks a further step forward in consistently implementing its international agreement strategy. The agreement is evidence of Liechtenstein's ambitious programme aimed at extending its double taxation agreement network, the government continues, noting that Liechtenstein is currently in negotiations with a number of other states.
Commenting on the initialling of the agreement in Vaduz, Liechtenstein's Prime Minister Klaus Tschütscher emphasized that the accord reflects the country's
commitment to consistently pursuing the path of international cooperation in tax matters and serves to strengthen its economic ties with a key OECD and G20 member state. Japan is a major partner in South East Asia for both Liechtenstein industry and for the Principality's financial centre.
The TIEA with Japan is due to be signed this year, and will enter into force following the subsequent completion of the ratification process in both countries.
Toggle signature
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.