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{{Infobox bilateral relations|India-Liechtenstein|India|Liechtenstein}} | {{Infobox bilateral relations|India-Liechtenstein|India|Liechtenstein}} | ||
[[File:H.S.H. Prince Alois of Liechtenstein calling on the President, Shri Ram Nath Kovind, at Rashtrapati Bhavan, in New Delhi on October 12, 2018.JPG|thumb|[[Alois, Hereditary Prince of Liechtenstein|Prince Alois]] meeting with President [[Ram Nath Kovind]] at [[Rashtrapati Bhavan]], New Delhi; October 2018.]] | |||
'''India–Liechtenstein relations''' refers to the international relations that exist between [[India]] and [[Liechtenstein]]. The Embassy of India in [[Bern]], [[Switzerland]] is concurrently accredited to Liechtenstein.<ref>{{cite web|title=Consular Jurisdiction|url=http://indembassybern.ch/eoi.php?id=Jurisdiction|website=Embassy of India, Bern|access-date=20 April 2017|language=en}}</ref> Liechtenstein maintains an honorary consul general in New Delhi.<ref name="MEA2012"/> Under a 1919 agreement between Liechtenstein and Switzerland, ambassadors and diplomatic missions of Switzerland are authorised to represent Liechtenstein in countries and in diplomatic situations unless Liechtenstein opts to send its own ambassador.<ref>Jorri Duursma, "Microstates: The Principality of Liechtenstein" in Christin Ingebritsen et al. (2006). ''Small States in International Relations''. (University of Washington Press, Seattle) p. 89 at p. 124.</ref> Switzerland maintains an embassy in New Delhi and a consulate in Mumbai. | '''India–Liechtenstein relations''' refers to the international relations that exist between [[India]] and [[Liechtenstein]]. The Embassy of India in [[Bern]], [[Switzerland]] is concurrently accredited to Liechtenstein.<ref>{{cite web|title=Consular Jurisdiction|url=http://indembassybern.ch/eoi.php?id=Jurisdiction|website=Embassy of India, Bern|access-date=20 April 2017|language=en}}</ref> Liechtenstein maintains an honorary consul general in New Delhi.<ref name="MEA2012"/> Under a 1919 agreement between Liechtenstein and Switzerland, ambassadors and diplomatic missions of Switzerland are authorised to represent Liechtenstein in countries and in diplomatic situations unless Liechtenstein opts to send its own ambassador.<ref>Jorri Duursma, "Microstates: The Principality of Liechtenstein" in Christin Ingebritsen et al. (2006). ''Small States in International Relations''. (University of Washington Press, Seattle) p. 89 at p. 124.</ref> Switzerland maintains an embassy in New Delhi and a consulate in Mumbai. | ||
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In 2008, German tax authorities provided the [[Indian government]] with the names of 26 Indian account holders of the [[LGT Bank]] in Liechtenstein. Following an investigation, the Indian government informed the [[Supreme Court of India|Supreme Court]] on 10 December 2010 that the [[Income Tax Department]] had found that 18 of the account holders had evaded taxes by depositing {{INRConvert|43.83|c}} in their LGT Bank accounts. The IT Department issued a total fine of {{INRConvert|24.26|c}} to the 18 account holders. On 4 July 2011, the Supreme Court ordered the Government to disclose the names of all 26 account holders to the public. The Government attempted to stall the Supreme Court order, but eventually disclosed the names of the 18 account holders who had been fined on 29 April 2014. However, the Government refused disclose the names of the remaining 8 account holders against whom no action was taken.<ref>{{cite web|title=Centre discloses 26 names of account holders in Liechtenstein bank|url=http://timesofindia.indiatimes.com/india/Centre-discloses-26-names-of-account-holders-in-Liechtenstein-bank/articleshow/34400751.cms|website=The Times of India|access-date=20 April 2017}}</ref> | In 2008, German tax authorities provided the [[Indian government]] with the names of 26 Indian account holders of the [[LGT Bank]] in Liechtenstein. Following an investigation, the Indian government informed the [[Supreme Court of India|Supreme Court]] on 10 December 2010 that the [[Income Tax Department]] had found that 18 of the account holders had evaded taxes by depositing {{INRConvert|43.83|c}} in their LGT Bank accounts. The IT Department issued a total fine of {{INRConvert|24.26|c}} to the 18 account holders. On 4 July 2011, the Supreme Court ordered the Government to disclose the names of all 26 account holders to the public. The Government attempted to stall the Supreme Court order, but eventually disclosed the names of the 18 account holders who had been fined on 29 April 2014. However, the Government refused disclose the names of the remaining 8 account holders against whom no action was taken.<ref>{{cite web|title=Centre discloses 26 names of account holders in Liechtenstein bank|url=http://timesofindia.indiatimes.com/india/Centre-discloses-26-names-of-account-holders-in-Liechtenstein-bank/articleshow/34400751.cms|website=The Times of India|access-date=20 April 2017}}</ref> | ||
On March 28, 2013, India and Liechtenstein signed a Tax Information Exchange Agreement (TIEA) on 28 March 2013, which came into effect on 20 January 2014.<ref name="MEA2016" /> On 21 March 2017, Finance Minister [[Arun Jaitley]] informed [[Parliament of India|Parliament]] that the Government had completed an investigation into account holders in unnamed Liechtenstein banks and had assessed that the holders had {{INRConvert|6500|c}} of undeclared income.<ref>{{cite web| | On March 28, 2013, India and Liechtenstein signed a Tax Information Exchange Agreement (TIEA) on 28 March 2013, which came into effect on 20 January 2014.<ref name="MEA2016" /> On 21 March 2017, Finance Minister [[Arun Jaitley]] informed [[Parliament of India|Parliament]] that the Government had completed an investigation into account holders in unnamed Liechtenstein banks and had assessed that the holders had {{INRConvert|6500|c}} of undeclared income.<ref>{{cite web|agency=Press Trust of India|title=Probe into Indians named by HSBC, Liechtenstein banks complete, says Govt|url=http://www.thehindubusinessline.com/economy/policy/probe-into-indians-named-by-hsbc-liechtenstein-banks-complete-says-govt/article9594777.ece|website=The Hindu Business Line|access-date=20 April 2017|language=en|date=21 March 2017}}</ref> | ||
===Investment=== | ===Investment=== | ||