- The Liechtenstein Official Gazette published Regulation No. 641.201 on December 10
- The regulation amends the VAT Ordinance
- New measures include specifying conditions for VAT register group entry
- Changes in group representation must be reported to tax authorities
- Clarifies which services are exempt from VAT
- Service providers can apply the margin tax if the goods seller is based in Germany and not registered in the VAT register
- Taxpayers wishing to switch to annual reporting must request within 60 days from the start of the tax period
- Taxpayers must deduct activities at a specified flat rate regardless of turnover
- The regulation will be effective from January 1, 2025
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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