Gibraltar Corporate Tax

Gibraltar tax year

The tax year in Gibraltar commences on the 1st July and ends on the following 30th June each year.

Liability to tax in Gibraltar

Liability to Gibraltar taxation is generally based on income “accrued or derived” in Gibraltar.

Gibraltar tax resident Companies

A company is deemed to be “ordinarily resident” in Gibraltar if:

• The management and control of the company is in Gibraltar

• The management and control of the company is outside of Gibraltar, but those exercising management and control of the company are ordinarily tax resident in Gibraltar.

• For investment companies, if management and control is outside Gibraltar, the company is still considered ordinarily resident if it is controlled by an individual who is ordinarily resident in Gibraltar. Control includes having the power, through shares, voting rights, or company documents, to ensure the company’s affairs are conducted according to that individual’s instructions.

Tax liability of Gibraltar tax resident companies

• Standard rate: 15%.

• Special rate: 20% (applies to utilities, energy providers, and companies with a dominant market position).

Tax liability of Gibraltar non resident companies

Companies not ordinarily resident in Gibraltar with no income “accrued or derived” in Gibraltar are not liable to Gibraltar income tax.

Withholding taxes

There is no withholding tax on dividends or on certain interest payments.

Sale tax/VAT

There is no Sales tax/VAT in Gibraltar.

Incorporation of a Company