Liechtenstein and Mexico have recently initialled in Vaduz a bilateral tax information exchange agreement (TIEA) between the two countries, providing for tax information exchange upon request.
Initialled by a Liechtenstein delegation of experts, the text of the agreement is in accordance with the Organization for Economic Cooperation and Development’s (OECD) international standard.
In a supplementary treaty protocol, Liechtenstein and Mexico pledge to further develop bilateral cooperation in tax matters, highlighting in particular plans to examine the idea of concluding a bilateral double taxation agreement (DTA).
According to the Liechtenstein government, Mexico has confirmed that following entry into force of the bilateral tax accord, Mexican investment in Liechtenstein will remain free from tax discrimination.
Welcoming the latest progress, Liechtenstein’s Prime Minister Klaus Tschütscher underscored that the conclusion of the TIEA with Mexico is a further clear sign that Liechtenstein is a reliable partner, with a good political environment for the financial system. The agreement is an important step and a prerequisite for future cooperation in tax matters between the two states, Tschütscher stressed.
Alluding to the fact that the agreement creates legal and tax certainty for investors, thereby strengthening the reputation of Liechtenstein’s financial centre in the long term, Prime Minister Tschütscher explained that clients are now looking for political and economic stability before depositing their wealth.
Irene Salvi, Head of the Liechtenstein delegation, emphasized that the accord serves to reinforce Liechtenstein’s ongoing efforts to establish a competitive financial centre, noting that the signing of the TIEA with Mexico is due to take place in the course of the year. The text of the agreement will be published following the signing, Salvi ended.
Concluding its release, the Liechtenstein government points out that Mexico is a member of the OECD and the G20. The initialling of the tax agreement marks a further consistent step towards implementing the government’s agreement strategy, it ends, pointing out that since the end of 2008, Liechtenstein has either concluded or initialled tax agreements with a total of 28 countries.
Initialled by a Liechtenstein delegation of experts, the text of the agreement is in accordance with the Organization for Economic Cooperation and Development’s (OECD) international standard.
In a supplementary treaty protocol, Liechtenstein and Mexico pledge to further develop bilateral cooperation in tax matters, highlighting in particular plans to examine the idea of concluding a bilateral double taxation agreement (DTA).
According to the Liechtenstein government, Mexico has confirmed that following entry into force of the bilateral tax accord, Mexican investment in Liechtenstein will remain free from tax discrimination.
Welcoming the latest progress, Liechtenstein’s Prime Minister Klaus Tschütscher underscored that the conclusion of the TIEA with Mexico is a further clear sign that Liechtenstein is a reliable partner, with a good political environment for the financial system. The agreement is an important step and a prerequisite for future cooperation in tax matters between the two states, Tschütscher stressed.
Alluding to the fact that the agreement creates legal and tax certainty for investors, thereby strengthening the reputation of Liechtenstein’s financial centre in the long term, Prime Minister Tschütscher explained that clients are now looking for political and economic stability before depositing their wealth.
Irene Salvi, Head of the Liechtenstein delegation, emphasized that the accord serves to reinforce Liechtenstein’s ongoing efforts to establish a competitive financial centre, noting that the signing of the TIEA with Mexico is due to take place in the course of the year. The text of the agreement will be published following the signing, Salvi ended.
Concluding its release, the Liechtenstein government points out that Mexico is a member of the OECD and the G20. The initialling of the tax agreement marks a further consistent step towards implementing the government’s agreement strategy, it ends, pointing out that since the end of 2008, Liechtenstein has either concluded or initialled tax agreements with a total of 28 countries.
