Private client—Liechtenstein—Q&A guide

The following Private Client practice note provides comprehensive and up to date legal information covering:

  • Private client—Liechtenstein—Q&A guide
  • 1. How does an individual become taxable in your jurisdiction?
  • 2. What, if any, taxes apply to an individual’s income?
  • 3. What, if any, taxes apply to an individual’s capital gains?
  • 4. What, if any, taxes apply if an individual makes lifetime gifts?
  • 5. What, if any, taxes apply to an individual’s transfers on death and to his or her estate following death?
  • 6. What, if any, taxes apply to an individual’s real property?
  • 7. What, if any, taxes apply on the import or export, for personal use and enjoyment, of assets other than cash by an individual to your jurisdiction?
  • 8. What, if any, other taxes may be particularly relevant to an individual?
  • 9. What, if any, taxes apply to trusts or other asset-holding vehicles in your jurisdiction, and how are such taxes imposed?
  • More...

Private client—Liechtenstein—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to private client in Liechtenstein published as part of the Lexology Getting the Deal Through series by Law Business Research (published: September 2020).

Authors: Gasser Partner—Thomas Nigg

1. How does an individual become taxable in your jurisdiction?

The Liechtenstein tax system is based on a general wealth tax with supplementary income tax for individuals and an income tax for legal entities. Liechtenstein nationals are taxed on their worldwide income and assets if they are domiciled in Liechtenstein.

The Liechtenstein Tax Act is primarily applicable to natural persons who have their domicile in Liechtenstein or who reside in Liechtenstein for the purpose of employment.

The general tax rate is calculated based on the taxable income, including the assets converted into an income, as follows:

  1. less than 15,000 Swiss francs per annum: zero per cent;

  2. between 15,001 and 20,000 Swiss francs: 1 per cent (minus 150 Swiss francs);

  3. between 20,001 and 40,000 Swiss francs: 3 per cent (minus 550 Swiss francs);

  4. between 40,001 and 70,000 Swiss francs: 4 per cent (minus 950 Swiss francs);

  5. between 70,001 and 100,000 Swiss francs: 5 per cent (minus 1,650 Swiss francs);

  6. between 100,001 and 130,000 Swiss francs: 6 per cent (minus 2,650 Swiss francs);

  7. between 130,001 and 160,000 Swiss francs: 6.5 per cent (minus 3,300 Swiss francs);

  8. between 160,001 and 200,000 Swiss francs: 7 per

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