Liechtenstein Implements Tax Amnesty

On 29 April 2014, Liechtenstein published a tax amnesty law that applies from 1 January 2014. Under the amnesty, taxpayers not already subject to or scheduled for an audit are able to make a voluntary disclosure of their tax liabilities and obtain immunity from criminal prosecution. A taxpayer can only obtain the amnesty benefits for one disclosure and must make the disclosure before 31 December 2014.

In order to receive the amnesty benefits, taxpayers must disclose all undisclosed taxable a…