The income and capital tax treaty between Gibraltar and the UK reportedly entered into force on 24 March 2020. The treaty, signed through the exchange of letters dated 1 October and 15 October 2019, is the first of its kind between the two Territories.
Taxes Covered
The treaty covers Gibraltar income tax and corporation tax, and covers UK income tax, corporation tax, and capital gains tax.
Residence
If a company is considered resident in both territories, the competent authorities will …