Not tax or legal advice. This page sorts public sources, as of 1 Nov 2026. Whether and how any of it applies to you is a question for your tax adviser.
In short
- The JUSO initiative for a 50% federal tax on inheritances and gifts above CHF 50m was rejected on 30 Nov 2025: 78.3% no, turnout 42.9%.
- According to the Federal Department of Finance, the Federal Council considers an exit tax ruled out on constitutional grounds. Inheritance and gift taxes remain a matter for the cantons.
- On 8 Mar 2026 voters approved individual taxation (54.23% yes). The Federal Council is bringing it into force on 1 Jan 2032.
- Imputed rental value on owner-occupied homes goes on 1 Jan 2029. In return, cantons may introduce a property tax on second homes.
- On 29 Nov 2026 voters decide on the popular initiative "Yes to fair federal taxes for married couples too". It aims to remove the marriage penalty while keeping joint taxation.
Status check 1 Nov 2026
What's decided in Switzerland, and what's open?
Sorted, with sources. Switzerland is a neighbour with its own stable system. This is only about the current state of play.
CHrejected
JUSO initiative (federal inheritance tax)
- Vote of 30 Nov 2025: 78.3% no, 21.7% yes, turnout 42.9% (Federal Department of Finance, German).
- It called for a 50% tax on estates and gifts above CHF 50m.
- Inheritance and gift taxes are a matter for the cantons; the Confederation levies neither. 24 cantons tax inheritances, 23 tax gifts; Obwalden and Schwyz levy neither.
- The Federal Council considers an exit tax ruled out under the constitution and disproportionate.
CHlaw
Individual taxation and imputed rental value
- Individual taxation: approved on 8 Mar 2026 with 54.23% (Federal Department of Finance, German), in force from 1 Jan 2032 (Federal Department of Finance, German).
- Imputed rental value: reform approved on 28 Sep 2025 (57.7%), in force from 1 Jan 2029 (Federal Tax Administration, German).
- Along with the imputed rental value, the deduction for maintenance costs on owner-occupied homes goes too.
CHvote pending
29 Nov 2026: married couples initiative
- Popular initiative "Yes to fair federal taxes for married couples too": remove the marriage penalty, but with joint taxation (Federal Department of Finance, German).
- The outcome is open. Individual taxation has already been approved as law.
As of 1 Nov 2026. We will update this page after the vote on 29 Nov 2026.
What it honestly means
Switzerland and Liechtenstein are closely linked: customs treaty, the franc, many commuters. Three things matter:
- Residence decides. If you live in Switzerland and set up a company in Liechtenstein, you remain taxable in Switzerland. How that fits together: Living in Switzerland, company in Liechtenstein.
- Substance, not a mailbox. An address alone is neither a residence nor a company seat. If you build something in Liechtenstein, you need a real presence: a registered company with its seat and desks on the ground, a team, and decisions made here. More: Substance in Liechtenstein.
- Compare, don't judge. Both locations have their strengths. A sober comparison: Liechtenstein or Switzerland? and Moving from Switzerland to Liechtenstein. Double taxation questions come on top: Double taxation and Liechtenstein.
Why we still like talking about Liechtenstein: the environment is predictable. Founders plan in years, not in headline cycles.
Exit taxes in Europe compared
Almost everywhere, what grew in the old country is taxed. A short comparison as of 1 Nov 2026. Every country including wealth and data taxes: Tax news Europe.
| Country | Status 1 Nov 2026 | Source |
|---|---|---|
| Italy | Government bill, not law. 26% on unrealised gains from €800,000 in financial assets, resident 6 of 10 years, planned from 1 Jan 2027. | Il Sole 24 Ore |
| Germany | Law in force. From a 1% stake in a corporation and 7 of 12 years fully taxable: the gain in the shares is taxed on moving away. Instalments over seven years on application. | § 6 AStG (German) |
| France | Law in force, change at first reading. From €800,000 in securities, resident 6 of 10 years. Today the tax lapses after 2 or 5 years; on 30 Oct 2026 the Assemblée nationale adopted 15 years at first reading. | Amendment I-462 (French) |
| Norway | Law in force. Moves since 20 Mar 2024: unrealised gains above NOK 3m, payable within 12 years. | Skatteetaten |
| Belgium | Law in force since 2026. Exit tax as part of the 10% capital gains tax. Automatic deferral for EU and EEA states among others; not owed without a sale within 2 years. For Liechtenstein, check case by case. | SPF Finances (French) |
| Netherlands | Law in force for box 2. Leaving with a stake of 5% or more triggers a protective assessment (conserverende aanslag). Box 3 is being rebuilt; that is still in parliament. | Belastingdienst (Dutch) |
| Spain | Law in force. From €4m in shares and holdings, or more than 25% of a company worth more than €1m, resident 10 of 15 years. For moves to an EU or EEA state with exchange of information, by election only due on a sale within 10 years. For Liechtenstein, check case by case. | Art. 95 bis LIRPF (Spanish) |
| Austria | Law in force. Moving away counts as a disposal of capital assets, special rate 27.5%. For moves to an EU/EEA state, on application assessed only on an actual sale. For Liechtenstein, check case by case. | § 27(6) EStG (German) |
| Denmark | Law in force. From DKK 100,000 in shares and usually after 7 years of tax liability, gains count as realised on departure. Interest-free deferral; security required outside the EU and the Nordic countries. For Liechtenstein, check case by case. | Skattestyrelsen (Danish) |
| United Kingdom | No general exit tax. If you return within 5 years, gains made while abroad can be taxed (temporary non-residence). | gov.uk HS278 |
| Ireland | No general exit tax. Return rule for domiciled individuals after no more than 5 years away (holdings of 5% or more, or over €500,000). | Revenue s. 29A |
| Switzerland | No general exit tax for individuals. According to the Federal Department of Finance, the Federal Council considers one ruled out under the constitution. | Federal Department of Finance (German) |
The basics: Exit tax.
Liechtenstein in numbers
| Item | Status | Source |
|---|---|---|
| Corporate income tax | 12.5%, since 2011 (Tax Act in force since 1 Jan 2011) | llv.li, gesetze.li SteG |
| Minimum corporate income tax | CHF 1,800 a year | llv.li |
| EEA | Member since 1995 | gesetze.li |
| Currency | Swiss franc (CHF) | – |
| Blockchain Act (TVTG) | in force since 2020 | gesetze.li |
| GmbH (LLC) | from CHF 10,000 share capital | GmbH fact sheet, llv.li |
| EU list of non-cooperative tax jurisdictions | Liechtenstein is not on it (update 9 Oct 2026) | Council of the EU |
It's not a hack. It's boringly predictable, and that's the point. How incorporation works: GmbH formation in Liechtenstein.
digihub · In der Specki 3, Schaan
Substance means a real place to work
If you're looking at Liechtenstein seriously, you need more than an address: an office, people on the ground, decisions made here. At digihub in Schaan you get real desks, not a mailbox: coworking with a Flex Desk from CHF 169, a Full Desk from CHF 299 or a Private Office from CHF 549 a month, plus meeting room and community. A business address is available by agreement (Registered office & business address).
Come by for a coffee, and we'll see together whether Liechtenstein even makes sense for you.
Read next
- Tax news Europe: all countries at a glance
- Italy exit tax: what the draft says
- France exit tax: 15 years at first reading
- Norway exit tax: the 12-year rule
- Belgium: 10% capital gains tax and exit tax
- Netherlands: box 3 in parliament
- UK: Founders' Relief and non-dom
- Spain: solidarity tax and exit tax
- Austria: inheritance tax called for, exit tax applies
- Denmark: no wealth tax, inheritance duty proposed
- Ireland: 31% capital gains tax in Budget 2027
- Exit tax: the basics
- What does substance mean in Liechtenstein?
- GmbH formation in Liechtenstein
Sources
- Federal Department of Finance: inheritance and gift tax, vote of 30 Nov 2025 (German)
- Federal Department of Finance: popular votes, incl. 29 Nov 2026 (German)
- Federal Department of Finance: individual taxation in force 1 Jan 2032 (German)
- Federal Tax Administration: imputed rental value abolished from 2029 (1 Apr 2026, German)
- llv.li: corporate income tax (German)
- Council of the EU: EU list of non-cooperative jurisdictions, update 9 Oct 2026
- llv.li: GmbH fact sheet (German)
Not tax or legal advice. Orientation based on public sources, as of 1 Nov 2026. Legislation can change quickly. Please check your own case with a tax adviser or lawyer in Switzerland and Liechtenstein.
Content from digihub.li · reviewed 1 November 2026.