The following discussion gives a brief overview of the taxes levied
in Liechtenstein. The Law of 30 January 1961 on National and Municipal Taxes (Tax Act) and the regulations
implementing it constitute the relevant legal foundation for direct taxes (property and income taxes,
company taxes, real estate profits taxes). The legal
sources for taxation of income and property furthermore include the double-taxation agreement with the
Republic of Austria of 1970 and the agreement with the Swiss Confederation on various tax questions
of 1995. Indirect taxes include the coupon tax as well
as the estate, inheritance, and gift tax, the legal basis for which is also to be found in the 1961
Tax Act. With regard to the estate, inheritance, and gift tax, it should be noted that the Principality
of Liechtenstein has concluded an Agreement of 20 October 1956 concerning Double Taxation in the Area
of Inheritance Tax with the Republic of Austria as well as so-called reciprocal agreements with a number
of Swiss cantons (St. Gallen, Graubünden, Fribourg, Schaffhausen) providing for tax-free donations for
public, welfare, and charitable purposes. One of the most important indirect taxes is certainly the
value added tax. The following discussion gives a brief
overview of the taxes levied in Liechtenstein. The Law of 30 January 1961 on National and Municipal
Taxes (Tax Act, SteG) and its executing ordinances constitute the relevant legal foundations for direct
taxes (asset and income taxes, capital and profit taxes, special company taxes, real estate profit taxes). The
legal sources for taxation of income and assets also include the Dual Taxation Agreement with the Republic
of Austria of 1970 and the Agreement with the Swiss Confederation on Various Tax Questions of 1965. Indirect
taxes include the coupon tax as well as the estate, inheritance, and gift tax, the legal foundation
for which is also found in the 1961 Tax Act. With regard to the estate, inheritance, and gift tax, it
should be noted that the Principality of Liechtenstein has concluded an Agreement of 20 October 1956
concerning Dual Taxation in the Area of Inheritance Tax with the Republic of Austria as well as reciprocity
agreements with the Swiss cantons of St. Gallen, Graubünden, Fribourg and Schaffhausen concerning tax-free
donations for public, welfare, and charitable purposes. The most important indirect tax is the value
added tax. On the basis of the Treaty and the Understanding
of 1 January 1995 with the Swiss Confederation on Value Added Taxation in the Principality of Liechtenstein,
the Principality of Liechtenstein has adopted the substantive provisions of Swiss value added tax legislation
into its national law and has levied value added tax since 1 January 1995, in exercise of its own tax
autonomy (Law of 16 June 2000, Liechtenstein Law Gazette LGBl. 2000 No. 163). Furthermore, the Swiss
Federal Law on Stamp Duties is applicable in the Principality of Liechtenstein pursuant to the Customs
Treaty of 29 March 1923. Swiss federal stamp duties
are taxes on legal transactions. Three types of stamp duties are distinguished: the securities issue
tax, the turnover tax, and the tax on insurance premiums. On the basis of the legal sources indicated,
the following significant taxes are levied in the Principality of Liechtenstein: | 
