A first-time comprehensive Double Taxation Convention between the UK and the Principality of Liechtenstein was signed in London on 11 June 2012 by the Exchequer Secretary to the UK Treasury and the Prime Minister of Liechtenstein.
Together with the Third Joint Declaration on the Liechtenstein Disclosure Facility also signed. The Convention generally follows the Organization for Economic Co-operation and Development (OECD) Model Double Taxation Convention. Important features include zero withholding rates for dividends (with 15 per cent for RIETs), zero withholding rates on interest and royalties and the latest OECD Model provision on exchange of information.
The Convention enters into force once both countries have completed their legislative procedures.
