Liechtenstein: Registration of trustee-documented trusts for CRS purposes

Entities established by December 31, 2024, that are classified as trustee-documented trusts, must complete the registration by March 31, 2025.

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December 11, 2024

The tax authority of Liechtenstein on November 28, 2024, issued a newsletter 10/2024 announcing that Article 8 of the AIA Act, effective from January 1, 2025, mandates the registration of non-reporting Liechtenstein financial institutions, specifically trustee-documented trusts (TDTs), with the tax administration.

The tax administration's portal is now available to provide existing TDTs sufficient time for registration. Note that TDT registration is required solely for common reporting standard (CRS) purposes, there is no requirement to register for FATCA purposes.

The registration follows the same technical guidelines as AIA sub-reporting entities, requiring a "Yes" in the corresponding TDT column. Further details on this requirement have been provided on the updated guide (German) - Managing AIA Sub-Reporting Entities and Trustee-Documented Trusts.

Liechtenstein entities established by December 31, 2024, that are classified as TDTs must complete the registration by March 31, 2025.

Read a December 2024 report prepared by the KPMG member firm in Liechtenstein

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