Liechtenstein and other major financial centers have adopted the common reporting standard (CRS) for automatic exchange of financial account information in tax matters. (AEOI) The CRS contains the automatic exchange of information standard and must be transposed into national law. The Act on AEOI went into effect in Liechtenstein on 1 January 2016.<\/p>\n\n\n\n
The terms of the CRS stipulate that every controlling person of a legal entity is required to be identified with a self-certification on the following forms:<\/p>\n\n\n\n
For corporations:<\/strong> Specification of Ultimate Beneficial Owner” (Form C)<\/p>\n\n\n\n For trusts\/foundations or similar:<\/strong> Specification of Ultimate Beneficial Owner” (Form T)<\/p>\n\n\n\n","protected":false},"excerpt":{"rendered":" AEOI Liechtenstein and other major financial centers have adopted the common reporting standard (CRS) for automatic exchange of financial account information in tax matters. (AEOI) The CRS contains the automatic exchange of information standard and must be transposed into national law. The Act on AEOI went into effect in Liechtenstein on 1 January 2016. The […]<\/p>\n","protected":false},"author":21,"featured_media":0,"parent":681,"menu_order":38,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-686","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n