Gibraltar: Tax

1 How often is tax law amended and what is the process?

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. Normally, a bill of legislation incorporating the proposed amendments is presented to the Gibraltar Parliament who will ultimately decide if the new law is passed.

2 What are the principal administrative obligations of a taxpayer, i.e. regarding the filing of tax returns and the maintenance of records?

• The Gibraltar tax year runs from 1 July – 30 June.

Persons other than companies (i.e. individuals and trusts)

Non-companies with income assessable to taxation in Gibraltar must prepare and file their tax returns for each tax year by the 30 November following the end of that tax year.