Grant Thornton Switzerland/Liechtenstein uses cookies to facilitate use of this website.

Please read our information on data protection to find out more about the use of cookies.

Search
Legal Services Reporting obligations and the abolition of bearer shares
Since the implementation of the rules set out by the Groupe d’action financière (GAFI) in 2015, Swiss law provides for an obligation to notify the purchasers or holders of bearer shares and the beneficial owners of a company. These reporting obligations have recently been tightened. In addition, it has been decided that most companies will no longer be able to issue bearer shares. These new, stricter regulations are in force since 1 November 2019.
tax Cloudy with a chance of complacency
The Organisation for Economic Co-operation and Development's (OECD'S) latest proposals on taxing digital business pull back from the radical roadmap put forward in May to something much closer to the January policy note by proposing a modified residual profit split with benchmarking of routine profits. The G20 finance ministers subsequently welcomed progress and reaffirmed their commitment to seeking a consensus-based solution by the end of 2020.
Audit Industries New head of the “Audit Industries” department
As of 1 November 2019, a new partner at Grant Thornton Switzerland/Liechtenstein, Dr. Shqiponja Isufi, will take over the management of the “Audit Industries” department from Erich Bucher, CEO and former head of the department. Dr. Shqiponja Isufi worked as an auditor for a large audit and advisory company (Big 4) as of 2011 where she was responsible for auditing consolidated and annual financial statements of renowned international and listed companies. As head of the annual internal training and development in the Audit department, she assumed additional responsi-bility in 2015 for ensuring the audit quality and qualification of employees.
Audit The «Business Risk Analyst»
The internal auditor has a very specific and often relatively isolated role within the company. He is very close to the board of directors and management and yet not part of them. Digitalisation is also creating new challenges for risk management - companies need to be more vigilant than ever. While business remains the same, individual processes are becoming increasingly dependent on data and its in-depth analysis. It is thus clear that the career profile of an “internal auditor” will change to being that of a “business risk analyst”.
tax A no-deal Brexit
With less than two months to go before 31 October, it seems ever likely that, should the UK leave the EU, it will be without a deal with the European Union. It is still possible that a deal may be agreed or that BREXIT day may be postponed further but both Government and business should be prepared for an imminent ‘no-deal’ departure. This Briefing Paper provides insight into the latest VAT and Customs developments for both importers and exporters in a ‘no-deal’ scenario.
Sponsoring Gold sponsor of FinTech Liechtenstein 2019
The conference will take place for the fifth time on Wednesday, 23 October 2019 at the SAL in Schaan and has the theme “Finance meets future”. The event was founded 5 years ago by the three students David Meyer, Sina Reubelt and Tobias Fitz of the University of Liechtenstein and has since developed into an important knowledge sharing and networking platform for the Liechtenstein financial market. In addition to interesting presentations, visitors can also look forward to inspiring workshops, which focus on the current topics and needs of the local financial sector.
tax Tax Alert - Electronic Filing of VAT Returns New Standard
Electronic filing of VAT returns as a new standard will replace paper filings. As from the reporting period Q1/2020 paper filing would only be granted by exception based on a specific written request for a paper VAT return.
Sponsoring Gold sponsor of the Swiss Audit Championship 2019
For the first time Grant Thornton Switzerland/Liechtenstein will be a gold partner of the “Swiss Audit Championship 2019”, a serious virtual business game event, which targets interested parties with starter know-how in the field of auditing.
Legal Services New legal obligations for domestic legal entities
In order to combat money laundering and terrorist financing, it was decided - in implementation of the 4th EU Anti-Money Laundering Directive - that a register should be established in Liechtenstein in which legal entities must enter their beneficial owners. The Act on the Register of Beneficial Owners of Domestic Legal Entities (VwEG) entered into force on 1 August 2019. Existing legal entities must report the required data to the Amt für Justiz (Office of Justice) by the end of January 2020 at the latest. New legal entities must have the data entered in the register within 30 days of their registration.