H.M Government of Gibraltar has recently published the text of a tax treaty which has been agreed on the 4th March 2019 between the Kingdom of Spain and the United Kingdom regarding Gibraltar (the “Treaty”).
The Treaty seeks to assist the resolution of disputes as to tax residence of individuals and companies as well as improve co-operation between Gibraltar and Spain in the field of taxation. All the legislation and standards of the European Union (“EU”) as regards tax transparency, administrative cooperation, harmful tax practices and anti-money laundering will continue to apply in Gibraltar until the date EU law ceases to apply in Gibraltar. From the date on which EU law ceases to apply in Gibraltar, legislation equivalent to EU legislation which exists on that date shall be maintained by Gibraltar.
For more details, view the full article in PDF by clicking the image below