Corporate Tax

Gibraltar is elevating corporate tax charge in preparation for the OECD deal

Gibraltar will raise its corporate tax rate from 10% to 12.5% ​​in preparation for the expected introduction of a global minimum tax.

“This means that if the new global agenda thrives, if we have to move from the OECD to 15%, the increase will be less significant,” Prime Minister Fabian Picardo said in a budget address on July 20. The new rate applies to companies’ financial periods beginning after that date, he said.

  • Gibraltar is one of 132 countries and jurisdictions that have approved the Organization for Economic Co-operation and Development-led plan to set a minimum business rate …

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