Council Decision (EU) 2025/2430 of 29 September 2025 on the conclusion of the Amending Protocol to the Agreement between the European Union and the Principality of Liechtenstein on the automatic exchange of financial account information to improve international tax compliance
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Address https://gelex.eu/eli/EU/decision/2025/2430@2025-09-29/en
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 115, in conjunction with Article 218(6), second subparagraph, point (b), and Article 218(8), second subparagraph, thereof,
Having regard to the proposal from the European Commission,
Having regard to the opinion of the European Parliament,
Whereas:
(1) The Agreement between the European Union and the Principality of Liechtenstein on the automatic exchange of financial account information to improve international tax compliance (the Agreement) has enhanced mutual assistance in tax matters between the Contracting Parties and improved international tax compliance.
(2) Important changes to the Common Reporting Standard (CRS) of the Organisation for Economic Cooperation and Development were approved at international level on 26 August 2022 and were incorporated into Union law by means of Council Directive (EU) 2023/2226, which amended Council Directive 2011/16/EU.
(3) Therefore, the Agreement needs to be amended to ensure that the automatic exchange of financial account information between Member States and the Principality of Liechtenstein (Liechtenstein) is aligned with, and continues to take place in accordance with, the updated CRS from 1 January 2026.
(4) The text of the Amending Protocol to the Agreement between the European Union and the Principality of Liechtenstein on the automatic exchange of financial account information to improve international tax compliance (the Amending Protocol), which is the result of the negotiations, duly reflects the negotiating directives issued by the Council.
(5) In accordance with Council Decision (EU) 2025/2124, the Amending Protocol was signed on 13 October 2025, subject to its conclusion at a later date.
(6) The Amending Protocol and the Joint Declarations attached thereto should be approved on behalf of the Union.
(7) The European Data Protection Supervisor was consulted in accordance with Article 42(1) of Regulation (EU) 2018/1725 of the European Parliament and of the Council.
(8) Liechtenstein has, on the basis of its membership of the European Economic Area, implemented Regulation (EU) 2016/679 of the European Parliament and of the Council by means of the Data Protection Act of 4 October 2018,
HAS ADOPTED THIS DECISION:
Article 1
The Amending Protocol to the Agreement between the European Union and the Principality of Liechtenstein on the automatic exchange of financial account information to improve international tax compliance is hereby approved on behalf of the Union.
Article 2
The Joint Declaration of the Contracting Parties on Article 5 of the Agreement and the Joint Declaration of the Contracting Parties on the entry into force and effect of the Amending Protocol are hereby approved on behalf of the Union.
Article 3
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 29 September 2025. For the Council The President K. Kallas