Tax Breaks In Gibraltar

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For centuries Gibraltar has been at the crossroads of International trading, majestically dominating the entrance to the Mediterranean. Gibraltar has been a British dependent territory since 1704 and has therefore been a member of the European Union since 1973 when Britain joined. Gibraltar has, however, managed to obtain certain derogations from European Law, in particular Gibraltar does not apply Value Added Tax or the Common Customs Tariff.

Today, Gibraltar is still considered an important centre for international business, although the advantages now arise from the fiscal opportunities available rather than physical location.

Gibraltar does not apply any Capital Gains Tax or Sales Tax. The main taxes applied in Gibraltar are Income/Corporation Tax, Withholding Tax and Estate Duty, however, opportunities exist for non-resident non-Gibraltarian individuals and entities to either be tax exempt or substantially reduce their exposure to these taxes.