Liechtenstein and the United States of America have signed an Agreement (IGA) to improve international tax compliance and implement FATCA, in force since 30 June 2014. Since Liechtenstein is a Type 1 jurisdiction, financial institutions (FIs) are required to report certain information about U.S. accounts to the Liechtenstein government. The exchange of information with the United States within the framework of the IGA is governed by the relevant FATCA law in Liechtenstein, which can be found here. Liechtenstein and the United States sign information exchange agreementsLechtenstein and the United States, represented by Prime Government Otmar Hasler and Deputy Ambassador to the United States Leigh Carter, Liechtenstein and Switzerland, officially signed the information exchange agreement in Vaduz on Monday, already in October. Exchanges are governed by an appropriate procedure and take place only at the specified request and following the disclosure of the identity of the taxpayer concerned by the US authorities. It is provided that a Liechtenstein court may rule on the legality of the application. The agreement thus creates legal certainty for the banks` customer and guarantees the privacy of the Bürgers.Im the course of 2009, the government will submit to the regional parliament the legislative provisions necessary for the application of requests for administrative and judicial assistance. The agreement will therefore enter into force on 1 January 2010.

A Model 1 Intergovernmental Agreement (IGA) for the implementation of FATCA signed between the governments of Liechtenstein and the United States on 16 May 2014. Vaduz, 17 September 2009 – Last night, the Liechtenstein Parliament unanimously adopted the new Tax Assistance Act to implement the Information Exchange Agreement (TIEA) signed on 8 December 2008 with the United States. The legal conditions are thus fulfilled and the agreement can be concluded, as planned, on the 1st Entry into force on 1 January 2010 for fiscal years from 2009 on. “With the law adopted today, the regional parliament has paved the way for a procedure in accordance with the rule of law and at the same time rapid in the field of international administrative assistance,” said Head of Government Klaus Tschütscher. . . .