ARTICLE · 20 OCTOBER 2010

Gibraltar Income Tax Act 2010 - Recent Developments

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The last months of summer were a busy time for tax professionals in Gibraltar and, in particular, for Chris White and Albert Mena, the senior partners of Hassans’ Tax and Overseas Property Team.

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Chris White

Albert Mena

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Recent Developments in the Gibraltar Tax System

The last months of summer were a busy time for tax professionals in Gibraltar and, in particular, for Chris White and Albert Mena, the senior partners of Hassans' Tax and Overseas Property Team.

On 16th of June the long awaited text of the new Income Tax Act was published as a draft for public comment. Shortly after, on 1st of July, the 2010 budget was announced. In the first week of September following the consultation period, the revised Income Tax Bill was published. The Bill is expected to come before Parliament in the middle of October. Although Chris and Albert had little to do with the budget, they were in the thick of the legislation being instructed by the Government to lead on the drafting and dealing with addressing the issues arising from the consultation process.

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