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26.08.2016

Italy adds Liechtenstein to whitelist

Italy now sees Liechtenstein as a cooperative country in tax matters. The news brings advantages for Liechtenstein’s insurance companies.

The Italian government has rated Liechtenstein as a cooperative country in tax matters. A corresponding ministerial order was approved on 9th August and published on 22nd August. Liechtenstein is now on Italy’s “whitelist” of cooperative countries.

 

The move is Rome’s reaction to Liechtenstein’s agreement with the EU on the automatic exchange of information and the exchange of information on request, which came into force on 1st January 2016. 

 

The government of Liechtenstein reported that the country’s inclusion on the “whitelist” had significant advantages for companies in Liechtenstein, such as the reduction of tax at source on dividend payments, the minimisation of fund taxation and lower administrative costs. Particular benefactors will be Liechtenstein’s insurance companies, which must no longer name tax representatives in Italy.


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