The amending protocol to the 2015 income and capital tax treaty between Liechtenstein and Switzerland entered into force on 1 December 2021. The protocol, signed 14 July 2020, is the first to amend the treaty and includes the following main changes:

• The preamble is replaced in line with OECD BEPS standards
• Article 25 (Mutual Agreement Procedure) is updated to provide that mutual agreements are…