Guernsey and Liechtenstein signed a mutual agreement on the application of the arbitration provisions of paragraph 5 of Article 24 (Mutual Agreement Procedure) of the 2014 income and capital tax treaty between the two countries. The mutual agreement was signed by Guernsey on 12 November 2024 and by Liechtenstein on 23 October 2024. Paragraph 5 provides that if a case cannot be resolved within two years from the date the case has been presented to both competent authorities, then the person that submitted the case may request that the case be submitted to arbitration.