The Liechtenstein government has approved the ratification of the income and capital tax treaty with Ireland on 15 April 2025.
Earlier, the Liechtenstein government issued a release announcing that Prime Minister Daniel Risch and Ambassador Aoife McGarry signed a double taxation agreement (DTA) between Liechtenstein and Ireland on Wednesday, 30 October 2024.
The agreement regulates the elimination of double taxation in cross-border situations. It is based on the international OECD standard and takes into account the requirements of the OECD/G20 BEPS project (Base Erosion and Profit Shifting) to prevent tax evasion and tax avoidance in a cross-border context.
The agreement also regulates the avoidance of double taxation in income and wealth taxes. To promote cross-border investments, no withholding tax is levied on dividends (except for real estate investment trusts; REITs), interest and royalties.
It will take effect once the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force.
