Invoicing and Tax regulation in Liechtenstein

Invoicing Regulation in Liechtenstein

In Liechtenstein, invoicing regulation is primarily governed by the VAT Law. Businesses are required to issue invoices for all business transactions, specifying a clear breakdown of the VAT amount. Invoices must show specific details including the date of issue, a unique sequential number, supplier's VAT identification number, customer's full name and address, description of goods and services, and VAT rate applied. They must be stored for at least 10 years.

Real-time Reporting and Fiscalization in Liechtenstein

Real-time reporting and fiscalization are currently not mandatory in Liechtenstein. There is no legal implementation regarding digital fiscal devices. However, businesses are encouraged to maintain accurate and up-to-date financial records to ensure tax compliance.

E-Invoicing in Liechtenstein

E-Invoicing in Liechtenstein is not yet compulsory but is highly encouraged. The government has taken significant steps to promote the use of electronic invoices for B2B, B2C, and B2G transactions. Businesses are required to ensure that e-invoices meet the same legal requirements as paper invoices, including details such as the date of issue, VAT rates, and other mandatory information.

VAT/GST/Tax Compliance in Liechtenstein

VAT compliance is mandatory for businesses in Liechtenstein. The standard VAT rate in Liechtenstein is 7.7%, with a reduced rate of 2.5% on certain goods and services and a special rate of 3.7% for the hotel industry. Businesses must register for VAT if the annual turnover exceeds CHF 100,000. VAT returns should be filed and paid quarterly. Non-compliance with VAT and tax laws can result in fines and legal consequences.

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