Executive summary
On 1 January 2019, the revised Liechtenstein tax law entered into force. Among other amendments to the tax law, the revision introduced new anti-avoidance rules in connection with dividend income and capital gains derived from participations in foreign entities. Foreign subsidiaries already being held by a Liechtenstein company at 1 January 2019 were able to benefit from a three-year transition period. However, as of tax year 2022, every foreign entity will fall under the scope …