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A company will be considered resident if the management and control is exercised in Gibraltar. A Company may have any year end it wishes and a Tax Return and payment must be made by nine months after this date.
There is a payment on account in the year regime based on the liability of two years previously.
The standard rate of corporate tax is 12.5%. from 1st August 2021. Income which is accrued and derived from an activity outside of Gibraltar is not taxable.Individuals
The Tax Year runs from 1st July to 30th June and tax is payable on the actual taxable profits of the year. Individuals can elect to be taxed on the Allowance or Gross based system, each having its own set on taxable bands.Other income
Except in the case where the income forms part of the trading receipts (e.g. banks and money lenders) then forms of income such as interest, dividends and royalties are received tax free in Gibraltar.Capital gains tax
Capital gains are exempt from tax in Gibraltar.Withholding tax
Dividends, interest and royalties are payable free from withholding tax in Gibraltar.OECD white listed jurisdiction
Gibraltar is a white listed jurisdiction for OECD tax transparency purposes having entered into more than the minimum number of Tax Information Exchange Agreements.Exchange controls
Gibraltar does not have exchange control. There is complete freedom of movement in respect of all capital and current account transactions, not only with member states of the EU, but with all countries.