HM Government of Gibraltar has clarified that the increase in the corporate tax rate from 10% to 12.5% applies to profits from 1 August 2021 onwards, and not to accounting periods commencing after 20 July 2021, as was initially announced in the Budget 2021.
See EY Global Tax Alert, Gibraltar issues Budget 2021, dated 21 July 2021 for details on the announced budget measures.
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