In the latest step of the ratification process, the Spanish Senate on Wednesday 16 September approved the international agreement on taxation and the protection of financial interests ...

On Saturday 13th March 2021, the Governments and Parliaments of the Kingdom of Spain and the United Kingdom have now taken all steps necessary to ratify the entry into force of the International Agreement...

A tax treaty between the United Kingdom and the Kingdom of Spain regarding Gibraltar has been agreed on the 4th of March.

On 25 July 2024, the Government of Gibraltar published draft legislation taxing profits derived from disposals of interest in Gibraltar residential property, a measure announced in Minister Feetham's Budget address on 2 July 2024.

Since Gibraltar went into lockdown, Grahame Jackson, Tax Partner at Hassans, has moved his regular training sessions from the conference room to online.

The launch of Burren Capital in June was a major coup for Gibraltar. The hedge fund was the largest at the time this year with a start up capital of USD 500million.

On 1 February 2024, a Bill was published to extend the taxation of interest income in Gibraltar to Insurers and DLT (Distributed Ledger Technology) firms.

Hassans International Law Firm has announced that a judgment on the 20th March 2015 from the Supreme Court of Gibraltar has established a legal precedent for setting Gibraltar trusts aside on the grounds of mistake.

Reflecting Gibraltar’s strong and continuing economic growth, this year’s Budget, presented to Parliament by the Government at the end of June, provides a time-table for the long-awaited introduction of a low corporate tax regime. And while an immediate 2 per cent reduction in the tax paid by tax resident companies – from 35 to 33 per cent – has disappointed the local business community, they and investors will take some consolation from the fact that the Government committed to a timetable to

Last week, 136 out of 140 members of the OECD/G20 "Inclusive Framework" which represents more than 90% of global GDP and includes Gibraltar, agreed on key parameters for a new framework for international corporation tax with the aim of implementation of the new rules by 2023.

In the 2012 UK budget the government announced proposed changes to the taxation of UK residential property held by offshore entities.

The main features of the Gibraltar Tax system are as follows - No wealth tax, no inheritance tax, no capital gains tax and, in particular, no VAT.

As previously communicated, the Organisation of Economic Development and Co-operation's (OECD) Common Reporting Standard (CRS) for the AEoI came into force from 1 January 2016.

Gibraltar provides a unique offering for high net worth individuals seeking to establish residency.

In a Notice gazetted yesterday, Monday 29 March 2021, HMGoG clarified that the deadline for any legal person that wishes to avail itself of the exclusionary provisions set out in Article 2(2)(b) of the UK/Spain tax agreement regarding Gibraltar, ...

Planning for the Upcoming Changes before the April 2017 Deadline

Peter Caruana, Gibraltar's Chief Minister, described Gibraltar as a ..."European Union onshore financial centre with competitive tax rates"

Although it may be as long as three months before Gibraltar learns whether or not its tax case against the European Commission has been successful, this week’s four and a half hour hearing of oral evidence before the European Court of Justice in Luxembourg has strengthened a sense of quiet optimism about the outcome among the Government’s legal team. A ruling in Gibraltar’s favour will open the door to a new tax structure that, it is widely believed, will see the application of an across-the-bo

On 1 January 2016, Gibraltar's income tax rules changed and a new requirement was introduced for all Gibraltar companies to file accounts and tax returns with the Gibraltar Tax Office.