The Liechtenstein government on 29 March 2023 released for consultation a draft law [in German] implementing the Pillar 2 global minimum tax. The public consultation is open until 2 June 2023, and the draft and consultation feedback are to be debated in Parliament from September 2023.

The draft substantially follows the OECD Model Rules and introduces an Income Inclusion Rule (IIR), a Qualified Domestic Top-up Tax (QDMTT), and an Undertaxed Payments Rule (UTPR). Since Liechtenstein is a European Economic Area Member State, however, the draft follows the EU global minimum tax directive and extends the application of the framework to purely domestic groups as well.