Gibraltar Corrects Transaction Tax Misinformation

The Government of Gibraltar issued a notice to correct misinformation in relation to the new transaction tax that is being introduced in connection with the customs union that is being formed as part of the treaty to govern Gibraltar's relationship with the EU (previous coverage).

The Government has also announced the publication of the Treaty on Gibraltar and the European Union Bill 2026 to implement the UK-EU Treaty in respect of Gibraltar, noting that it is being certified as urgent so…