Liechtenstein has decided to adopt a financial centre strategy that is based on client tax compliance. The Government Declaration of 14 November 2013 signalled the country’s strong commitment towards its tax compliance strategy heralded by the Liechtenstein Declaration of 12 March 2009. Liechtenstein is also implementing the US Foreign Account Tax Compliance Act by passing the FATCA Law. At the same time, it is signed up to the Automatic Exchange of Information (AEOI) in tax matters and the applicable standards of the Organisation for Economic Co-operation and Development (OECD).
In 2016, the Liechtenstein Bankers Association published its strategy for the Liechtenstein banking and financial centre entitled “Roadmap 2020”. Its long-term focus is on quality, stability and sustainability. Furthermore, the banks and the Bankers Association expressly and actively support the financial centre’s tax compliance strategy.