On 3 October 2017, The Liechtenstein government announced that amendments to the Value Added Tax (VAT) Act have been adopted as a result of the reduction of Swiss VAT rates from 1 January 2018. The amendments are required in Liechtenstein because of its VAT union with Switzerland (Liechtenstein effectively adopted Swiss law for VAT purposes). As a result, the standard VAT rate in Liechtenstein will be reduced from 8.0% to 7.7% and the special rate for accommodation services will be reduced f…