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Fiduciary Group
On 20th March 2020, the Income Tax (Amendment) Bill 2020 was passed, giving Gibraltar domestic effect to the double tax treaty, and the protocol to that treaty, that were signed by...
ISOLAS
This follows on from the UK, who ratified the treaty under UK domestic law on 16th March 2020.
ISOLAS
The main purpose of the Treaty is to eliminate double taxation between residents in Gibraltar and/or the United Kingdom in respect to taxes of income and gains.
Hassans
The biggest news of the year has to be the landmark tax agreement between the UK and Spain affecting Gibraltar.
ISOLAS
The deal will also position Gibraltar's offering on a level playing field with competing jurisdictions that currently already have double taxation agreements with the UK.
Fiduciary Group
A tax treaty between the United Kingdom and the Kingdom of Spain regarding Gibraltar has been agreed on the 4th of March.
Hassans
The Gibraltar Spanish Tax treaty aims to eliminate uncertainty around the tax position of people who are treated as tax resident in both countries.
Fiduciary Wealth Management Limited
Throughout 2013 tax authorities across the world have been falling over themselves to sign up to new inter governmental agreements for one simple reason –to enable states to get information about the income (earned or passive) its taxpayers generate abroad.
Hassans
While not as dramatic as anticipated, Gibraltar’s recent budget provides a timetable for the long-awaited introduction of a new low corporate tax regime, says Michael Castiel, partner at Hassans.
Hassans
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
Hassans
The development of Gibraltar's offshore trust business has been linked with the growth in its importance as a banking centre for private clients.
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