Liechtenstein: Updated FATCA reporting technical guidance
Supersedes the version published on 1 June 2022
Supersedes the version published on 1 June 2022
The tax authority of Liechtenstein issued updated FATCA reporting technical guidance that supersedes the version published on 1 June 2022.
The updated sections include:
- Section 4.3 related to a non-U.S. legal entity account: If the account holder is a non-U.S. entity and does not have a tax identification number (TIN), then the value “NA” must be entered in the TIN field of the account holder. Additionally, the value “LI” must be entered in the “TIN issued by” field. This is a new requirement as of 8 April 2022.
- Section 10 related to corrections: For corrections in connection with special cases relating to non-U.S. entity account holders under section 4.3 (see above), the report may not be corrected or amended with the reporting type FATCA2 and FATCA4 respectively. Instead, the original report should be voided with reporting type FATCA3 and then resubmitted with reporting type FATCA1.
Read an October 2022 report [PDF 192 KB] prepared by the KPMG member firm in Liechtenstein
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