China and Liechtenstein signed a Tax Information Exchange Agreement (TIEA) 27 January 2014. The agreement is consistent with the OECD’s international standard. The TIEA will enter into force after ratification by both parties, and the possible date for entry into force is 1 January 2015.
The TIEA provides for information exchange upon request. Information exchanged must remain confidential. The TIEA applies to requests submitted following the entry into force of the agreement, and is applicable to tax years that commence after the effective entry into force date. It is also reported that the two countries may enter into a comprehensive double tax agreement (DTA).
