- Liechtenstein has adopted amendments to its VAT law, aligning with the recent changes made by Switzerland, which include new tax responsibilities for electronic platforms that facilitate the supply of goods, effective from January 1, 2025.
- The new rules establish that domestic electronic platforms will be liable for VAT collection if their attributable deliveries exceed CHF 100,000, while foreign platforms must also collect VAT under specific conditions related to low-value goods and importation.
- Electronic platforms must implement a tax collection and reporting system for all taxable supplies once they exceed the CHF 100,000 threshold, and they should ensure compliance with customs and export regulations while performing due diligence on their VAT status and responsibilities.
Source 1stopvat
