 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Liechtenstein's 'Attractive' Disclosure Scheme To End |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, May 01, 2012
The Liechtenstein government has announced that since the beginning of the
year, when the principality’s new tax law entered into force, around 400
individuals and legal entities in Liechtenstein have elected to submit voluntary
tax declarations to the tax authorities, benefiting as a result from the government’s
attractive, although limited, voluntary disclosure scheme.
The scheme is due to apply until
December 31, and during this period anyone electing to submit
a voluntary declaration pertaining to an offence committed under the provisions
of the tax act will simply be required to pay the tax due for the past five
years, and will not be subject to a penalty, nor surcharge, nor interest on
arrears.
The Liechtenstein government notes the disclosure may pertain to many forms
of undeclared assets, including cash, bank accounts, securities accounts, gold,
capital gains, earned income, donations, bequests, real estate gains, and winnings.
According to the government, after December 31, in the event of a voluntary
disclosure, a surcharge of 10% on the tax due will be imposed and interest arrears
raised.
The government warns that failure to submit a voluntary declaration will result
in a fine being imposed in addition to the tax payment, in the event that the
administration uncovers the offence, adding that the fine may in some cases
be as much as three times the evaded tax or levy.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
