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Liechtenstein Announces VAT Changes 06/05/10 | | On May 4, Liechtenstein’s government adopted a report and proposal concerning an amendment to the country’s value-added tax (VAT) law, VAT rates in Liechtenstein will be increased in line with those in Switzerland. Switzerland’s parliament voted to temporarily increase the standard rate of VAT from 7.6% to 8.0%, the reduced rate of VAT from 2.4% to 2.5% and the special rate of VAT accorded to accommodation services from 3.6% to 3.8%. The VAT rise is due to take effect in both Liechtenstein and Switzerland from January 1, 2011. | | |
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