Tax in Gibraltar

As a specialist, finance centre with an offshore capability, Gibraltar offers a favourable tax regime. A member of the OECD’s Inclusive Framework, Gibraltar joined the international consensus committed to ensuring policy objectives are met and safeguarding Gibraltar's tax base.

Gibraltar’s favourable tax regime sets Gibraltar apart from other jurisdictions. Only income is taxed in Gibraltar and excludes taxation on, but not limited to, capital gains tax, wealth tax, inheritance tax and value added tax. Gibraltar companies also benefit from a low corporate tax rate of 15%, attracting many businesses to Gibraltar.

Our expertise is second to none- we have assisted in a wide variety of tax planning and structuring scenarios, involving private individuals, businesses and charitable organisations to achieve maximum efficiency.

International Tax Planning

Gibraltar’s location and tax opportunity for global business can mean tax-neutral tax planning and therefore important savings. Gibraltar offers some of the best solutions bringing savings not just in tax, but in the cost of setting up and maintaining/administering such tax structures.

Personal Tax in Gibraltar

In Gibraltar, there are two systems whereby an individual taxpayer can be assessed under. The two systems are an Allowance Based System (“ABS”) and a Gross Income Based System (“GIBS”). Gibraltar also offers two forms of special tax statuses which places a cap on the tax liability of such individuals. These are extended to high net worth individuals (“Category 2 status”) and highly skilled workers (High Executive Possessing Specialist Skills (“HEPSS”) status), further appealing to individuals and families looking to relocate to Gibraltar.

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Gibraltar Corporate Tax

When considering moving your business, we can offer expert advice to ensure the transition is as seamless as possible.

Gibraltar companies are taxed on a territorial basis on the income accrued in or derived from Gibraltar on the taxable profits. The standard corporate income tax rate is 15%.

Therefore, as no capital gains tax nor tax on ‘investment’ income is payable (including the receipt by a Gibraltar company of dividends from any other company, regardless of where it is incorporated), Gibraltar continues to attract investment and businesses alike.

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Tax in Gibraltar Contacts

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