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Economy and Banking Sector of Gibraltar

Withholding Tax

Withholding taxes are imposed at source of income and are often applied to dividends, interest, royalties, rent and similar payments. The rates of withholding tax are often reduced by double taxation agreements.

Withholding Tax Rates in Gibraltar: 0.0 - 0.0%

Withholding tax rates applied on payments of interest and dividends in Gibraltar are shown in Table 1.

Dividends Interest
Natural person, resident 0.0 %0.0 %
Natural person, non-resident 0.0 %0.0 %
Table 1. Withholding tax rates in Gibraltar.

Information Exchange

There are 3 ways for jusrisdictions to exchange information on tax matters:

  • spontaneously;
  • on request;
  • automatically.

Spontaneous exchange of information is provision of information that is forseeably relevant to another party without a request being previously sent.

Tax Information Exchange Agreements (TIEAs) enable exchange of information on request relating to a specific tax investigation, either criminal or civil.

Automatic information exchange allows jurisdictions to exchange information automatically, without having a specific tax investigation.

Exchange on Request: 27 Signed Agreements

Gibraltar signed TIEAs which already came info force with the following jurisdictions (for agreements which came into force after 1 January 2013 the date of coming into force is given in brackets):

 Australia
 Austria
 Belgium (Jun 2014)
 Denmark
 Faroe Islands
 Finland
 France
 Germany
 Greenland
 Guernsey (Mar 2014)
 Iceland
 India (Mar 2013)
 Ireland
 Malta
 Mexico (Aug 2014)
 Netherlands
 New Zealand
 Norway
 Poland (Dec 2013)
 Portugal
 South Africa (Jul 2013)
 Sweden
 United Kingdom
 United States

There are also several agreements between Gibraltar and other jurisdictions which was signed but haven't yet come into force (for agreements signed after 1 January 2013 of signing the agreement is given in brackets):

 Greece (Jan 2013)
 Italy
 Turkey

Automatic Exchange: Starts in September 2017

Gibraltar signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.

Automatic Excnange: 55 Bilateral Agreements to Receive Information

Gibraltar has signed bilateral agreements with 55 jurisdictions to automatically receive information:

 Andorra
 Argentina
 Australia
 Austria
 Belgium
 Bonaire, Saint Eustatius and Saba
 Brazil
 Bulgaria
 Canada
 China
 Colombia
 Croatia
 Cyprus
 Czech Republic
 Denmark
 Estonia
 Faroe Islands
 Finland
 France
 Germany
 Greece
 Greenland
 Hungary
 Iceland
 India
 Ireland
 Italy
 Japan
 Korea, Republic of
 Latvia
 Liechtenstein
 Lithuania
 Luxembourg
 Malaysia
 Malta
 Mauritius
 Mexico
 Monaco
 Netherlands
 New Zealand
 Norway
 Poland
 Portugal
 Romania
 San Marino
 Seychelles
 Singapore
 Slovakia
 Slovenia
 South Africa
 Spain
 Sweden
 Switzerland
 United Kingdom
 Uruguay

Automatic Excnange: 61 Bilateral Agreements to Send Information

Gibraltar has signed bilateral agreements with 61 jurisdictions to automatically send information:

 Andorra
 Argentina
 Australia
 Austria
 Belgium
 Belize
 Bonaire, Saint Eustatius and Saba
 Brazil
 Bulgaria
 Canada
 China
 Colombia
 Costa Rica
 Croatia
 Cyprus
 Czech Republic
 Denmark
 Estonia
 Faroe Islands
 Finland
 France
 Germany
 Greece
 Greenland
 Hungary
 Iceland
 India
 Indonesia
 Ireland
 Italy
 Japan
 Korea, Republic of
 Latvia
 Liechtenstein
 Lithuania
 Luxembourg
 Malaysia
 Malta
 Mauritius
 Mexico
 Monaco
 Netherlands
 New Zealand
 Norway
 Poland
 Portugal
 Romania
 Saint Lucia
 Saint Vincent and The Grenadines
 Samoa
 San Marino
 Seychelles
 Singapore
 Slovakia
 Slovenia
 South Africa
 Spain
 Sweden
 Switzerland
 United Kingdom
 Uruguay

Further Information

FATCA

Foreign Account Tax Compliance Act (FATCA) which became law in the United States in March 2010, focuses on reporting made by foreign financial institutions about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. The FATCA-reporting is facilitated by Intergovernmental Agreements (IGAs).

FATCA Status in Gibraltar
IGA in effect since 08 May 2014, Model 1

Gibraltar has FATCA agreement with the U.S. in effect since 08 May 2014 (Intergovernmental Agreement Model 1). Financial institutions operating in Gibraltar are required to identify U.S. taxpayers by January 1, 2017 and to report the information for 2017 and the subsequent years. The agreement is reciprocal: Gibraltar financial accounts hold in U.S. financial institutions will be reported to Gibraltar authorities.

Further Information