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Liechtenstein cuts VAT to 7.7% 2018

  • EU VAT
  • 06 October 2017 | Richard Asquith

Liechtenstein cuts VAT to 7.7% 2018

Liechtenstein is to reduce its VAT rate from 8% to 7.7%.  The change will come into effect on 1 January 2018.  The reduced VAT rate of 2.5% will be unaffected. The hotel accommodation and related services rate of 3.8% will fall to 3.7%.

The principality is in a VAT union with Switzerland, and it must mirror the decision to cut the Swiss VAT rate.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.