On Jan. 29 2013 a tax treaty with Liechtenstein was signed. The treaty the pattern of which is similar to the one made with Swizzerland is intended to enter into force on Jan. 1, 2014.
If the parent company declares to cover the losses of its subsidiary in time by observing certain prerequisites no capital transfer tax might be incurred.
Starting with Jan. 1st, 2013 the tax treaty with Swizzerland has come into effect. Persons involved who have not transferred their capital out of Swizzerland before Jan 1, 2013 have now the choice to either to anonymously pay a lump sum or prepare a voluntary disclosure leading to tax amnesty.
Please be aware of major changes in the field of VAT such as application of open market value, point in time of input VAT deduction, electronicly sent invoices and input VAT deduction, invoicing in foreign currency, etc from beginning of 2013 on.
