Taxes in Liechtenstein, Taxation in Liechtenstein, Taxes system in Liechtenstein
Income tax on individuals and on capital
All individuals who have a residence in Liechtenstein or who are staying
in the principality for business purposes are required to pay income tax.
When you start in the principality should register with the office of the municipality in which the
present, indicating also the employer, date of commencement of work, etc. for tax purposes.
The Duchy of joint taxation applies spouses, the tax is calculated naleSny
Having also minor dependent children of the parents. Taxable
subject to income from employment, self-employment, pensions, unemployment benefits
Advance payment of income tax is levied by the employer to pay
employee and is transferred to the treasury.
The Liechtenstein tax applies a sliding scale. The minimum tax rate
personal income is 3.24%, maximum - 17.01%. With an annual income not
not exceeding CHF 24,000 have to pay tax. Property tax rate is
minimum of 0.162%, maximum - 0.8505%.
At the end of fiscal year taxpayers are required to provide annual statements
tax and adjust, if necessary, naleSnego tax payments. When too large
advance tax has been collected, the office returns the amount wrongly paid. Based on
annual return in September or October in the new fiscal year the office of the municipality shall send
final calculation of revenue, income, taxes paid, etc.
The basic VAT rate is 7.6%. For certain transactions shall be lowered
rate of 2.4%. Special VAT rate of 3.6% of covered services
Immovable property (rental housing, etc). Certain types of transactions are exempt
VAT for example, related to culture, religion, education or charitable activity.
Persons Self-employed in Liechtenstein must pay
VAT, if the company's annual turnover exceeds the sum of 75 000 Swiss francs.
Other taxes and local fees
People living and working in Liechtenstein must also reckon with the existence of taxes
intermediate. In addition to the VAT-I can include for example, stamp duty (tax). This is a tax on
certain types of transactions. Distinguishes three types of fees: associated with the issuance of securities
securities, turnover tax and tax on insurance premiums.
Tax of 4% obłoSone are also dividends on securities
issued by domestic residents.
Should also pay tax in a situation to obtain profits from the sale of real estate połoSonej
in the principality. Its height depends on time of possession of property by the owner prior to
sale and ranges from 3.24% to 34.02% of the profits from the sale (selling price minus costs
investment and construction of property).
The principality are also required to pay inheritance tax on the value of assets acquired
(Movable and immovable property). In the case of inheriting the estate of a person living in
permanently in Liechtenstein, or if property is located in the principality of the heir must
is to pay a tax of 1% -5% of the value of the property. If the heirs are
immediate family members naleSnego tax reduces the amount is 50%.
Similar principles also apply in calculating the tax on donations, the obligation to pay it
obdarowanej responsibility of the person, if he is resident in Liechtenstein and is not paid in advance
above. tax in any other country. This tax rate from 0.5% to 27% of the donation.