Liechtenstein: Statement adopted on CARF, amended CRS, and protocol signed with EU amending AEOI agreement
The statement addresses questions raised during the initial parliamentary discussions and provides clarifications on several key aspects.
The government of Liechtenstein on October 7, 2025, adopted its statement on the implementation of the Cryptoasset Reporting Framework (CARF) Act, amendments to the International Automatic Exchange of Information in Tax Matters (AIA) Act in line with the OECD’s revised common reporting standard (CRS 2.0), and amendments to the legislation implementing the Intergovernmental Agreement (IGA) with the United States (FATCA), following parliamentary discussions held on September 5, 2025.
This statement addresses questions raised during the initial parliamentary discussions and provides clarifications on several key aspects, including:
- The planned list of reportable jurisdictions
- Definition of relevant terms
- Timelines for obtaining self-declarations
- Cost implications arising from subsequent compliance for deleted legal entities
The second round of parliamentary discussions is scheduled for November 2025, with the legislative package expected to enter into force on January 1, 2026.
Additionally, on October 13, 2025, the government of Liechtenstein signed a protocol amending its agreement with the EU on the automatic exchange of financial account information (Liechtenstein-EU AEOI Agreement), in alignment with the CRS 2.0.
The amending protocol is scheduled to take effect on January 1, 2026.
Read an October 2025 report prepared by the KPMG member firm in Liechtenstein