Information about Liechtenstein Minimum wage and taxes.

As of 2021, Liechtenstein does not have a minimum wage set by law. Wages are typically negotiated between employers and employees, and are based on factors such as job requirements, skills, and experience. Regarding taxes, Liechtenstein has a relatively low tax regime compared to other countries. The personal income tax rate ranges from

4.3% to

8.2%, depending on the individual's income level. The tax system is progressive, meaning that higher income earners pay a higher rate of tax. In addition to income tax, individuals in Liechtenstein are also subject to social security contributions. The employer and employee each contribute a certain percentage of the employee's salary towards social security, which provides benefits such as healthcare, retirement pensions, and unemployment insurance. It's important to note that Liechtenstein has a tax agreement with Switzerland, known as the Liechtenstein-Switzerland Tax Treaty, which allows for the exchange of tax information between the two countries. This agreement helps prevent tax evasion and ensures compliance with tax laws. It's always recommended to consult with a tax professional or the Liechtenstein tax authorities for the most up-to-date and accurate information on minimum wages and taxes in the country.

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