A fresh look at taxes
Liechtenstein is determined to maintain its appeal to domestic and foreign companies. To facilitate tax matters for businesses, an improved corporate taxation system has been devised. The introduction of a Flat Rate Tax of 12.5 % for businesses ensures a low, easy to calculate tax figure, reducing the accounting necessary to declare corporate taxes. New is also the manner in which the tax system deals with intellectual property.
Profiting from the highly trained workforce available, many companies have built their research and development facilities in Liechtenstein, with the industry's R&D departments currently accounting for 8.6 % of the GDP. Research and development lead to innovation, and innovation leads to growth and holds the promise of higher profits. The improved tax laws are designed to encourage research, development, and innovation in Liechtenstein. Positive yields from intellectual property rights – such as patents, trademarks, models and utility models – enjoy a tax deduction of 80 % of their summation.
Profiting from the highly trained workforce available, many companies have built their research and development facilities in Liechtenstein, with the industry's R&D departments currently accounting for 8.6 % of the GDP. Research and development lead to innovation, and innovation leads to growth and holds the promise of higher profits. The improved tax laws are designed to encourage research, development, and innovation in Liechtenstein. Positive yields from intellectual property rights – such as patents, trademarks, models and utility models – enjoy a tax deduction of 80 % of their summation.