Intelligence

Gibraltar levies tax on a territorial basis; generally, individuals would be chargeable to tax on income that accrues in and derives from Gibraltar. Income that is accrued in and derived from outside Gibraltar...

The Gibraltar government confirmed, in a briefing to the Brexit Transition Advisory Group (BTAG) on 29 January, that the expected date for the entry into force of the UK-EU treaty to govern Gibraltar's post-Brexit relationship with the EU is 10 April 2026, a significant advancement on previously indicated timelines for the treaty's application.

Although businesses in Gibraltar generally adopt a corporate form, they could be set up as a company, a sole trader or a partnership.

A new law, the Income Tax (Amendment No. 2) Act 2024, has been passed, updating the Income Tax Act 2010.

Corporate Tax Comparative Guide for the jurisdiction of Gibraltar, check out our comparative guides section to compare across multiple countries

Apart from previous transposition of EU directives into our laws, tax law is amended by instigation from the Government of Gibraltar, or as an initiative driven by the industry itself at any time.