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Gibraltar 1992 Company
The Gibraltar 1992 Company was introduced to implement the requirements of the EC Parent/Subsidiary Directive. The main objectives of the Directive are to ensure that profits earned within the EC are taxed only once and eliminate fiscal barriers to cross border investment.
The Directive requires Member States to:
- eliminate withholding taxes on profits distributed by subsidiaries within the EC to parent companies in different member states.
- exempt from further taxation in the hands of the holding company, dividends received from subsidiaries in other member states.
In accordance with this Directive, dividends received by a Gibraltar 1992 Company are exempt from further tax in Gibraltar. Other income received by the Gibraltar company will be taxed at the normal corporate rate of 35%.
