Liechtenstein added to Italy’s tax “white list”

Liechtenstein has been placed on Italy’s national  tax “white list,”  Liechtenstein’s government announced August 25.

The Italian notice, adopted August 9 and published August 22, was based on the determination that Liechtenstein is a cooperative state that allows for satisfactory exchange of information on tax matters, the Liechtenstein government reported.

Benefits of inclusion on Italy’s white list include reduced withholding tax on dividend payments, minimization of fund taxation, and reduced administrative burdens, especially for insurance companies, the government said.

Moreover, as a result of the listing, Liechtenstein insurance companies will no longer be obliged to appoint a tax representative in Italy.

Related MNE Tax articles:

• Liechtenstein and Italy sign tax information exchange agreement