OrbitaxGibraltar implements EU Interest and Royalties Directive
|Approved Changes|Gibraltar
On 13 December 2005, the House of Assembly passed the Income Tax (Amendment) (No. 3) Ordinance 2005 to implement the provisions of the EU Directive on interest and royalty payments between related companies ( Council Directive 2003/49/EC of 3 June 2003) providing for a 0% withholding tax rate on interest and royalties for payments between related companies (25% shareholding).
…Continue Reading
