- Law No. 641.20 amends the VAT Act in Liechtenstein
- VAT will be imposed on domestic purchases of services by nonresidents
- Purchase tax will be applied on acquisitions of emission and similar rights
- Place of supply rules specified for various services
- Persons delivering services through electronic platforms may be liable for VAT
- List of VAT exempt goods and services provided, including transactions involving gold
- Reduced 2.6 percent VAT rate on menstrual hygiene products
- Law comes into effect on Jan. 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.
