UK/Gibraltar double tax agreement.
Released by the Gibraltar government A couple of days past we now have the full draft of the Double Tax agreement between the UK and Gibraltar. Both Governments have been working on the agreement for some years with August and September this year seeing the Final text agreed to.
As Brexit draws closer in whatever form PM Johnson finally gets through, Gibraltar also transits out and the tax agreement helps set Gibraltar on a clear path into the wider world community as a partner to the UK but also as a clear choice for business and financial institutions around Europe and the Globe looking for opportunities.
Commenting on the signing of the Agreement, the Chief Minister, Fabian Picardo QC, stated, “I am very pleased that the outcome of close working with UK ministers and officials has come to fruition in time for our exit from the European Union with the United Kingdom. This is an important part of the architecture of our planning for “no deal” but equally important going forward in any scenario. I want to thank the team of officials from the Income Tax Office…. in delivering this great result for Gibraltar.”
The Exchequer Secretary to Her Majesty’s Treasury, Simon Clarke MP, said, “Gibraltar is an important part of the UK family and I am pleased to take this opportunity to make our relationship stronger, as we look forward to the opportunities ahead as we leave the EU.
A seminar will take place on DTA’s next week under the auspices of ATCOM & the Minister for Financial Services. More to follow on our website news/blog.
The full text of the agreement is downloadable here: