Drummonds, Gibraltar
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The Rock of Gibraltar

Marina

Bay of Gibraltar

 

The information on this page is provided for general guidance only, and may change. It does not constitute professional advice.

You should not act upon the information or make business decisions based on it without obtaining specific professional advice.

No representation or warranty (express or implied) is given as to the accuracy or completeness of the information presented here, and, to the extent permitted by law, we not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Companies

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.