Gibraltar
Corporate Tax Guide
Time of Update: 4/05/2026
Gibraltar has a general corporate income tax rate of 15% from 1 July 2024 (previously 12.5%), with a higher rate of 20% for utility and energy providers and corporations abusing a dominant position. Companies are required to make payments on account of future liabilities twice a year, with a final balance due upon filing their tax return. The due date for filing CIT returns is nine months after the company's financial year end. There is no capital gains tax or value-added tax in Gibraltar. Non-residents do not have to pay any withholding tax on dividends, interest, or royalties, while residents also have a 0% withholding tax rate.
Gibraltar Corporate Income Tax (CIT)
General CIT Rate:
15% from 1 July 2024 (previously 12.5%). Utility and energy providers and corporations abusing a dominant position: 20%.
CIT Return Due Date:
CIT returns are due nine months after the date of the company's financial year end.
CIT Payment Due Date:
The final balance (being the actual tax liability less any payments made on account) is due by the date of filing the return (i.e. nine months after the date of the company's financial year end).
CIT Estimated Payment Due Date:
Companies are required to make payments on account of future liabilities by 28 February and 30 September in each calendar year.
Gibraltar Withholding Tax (WHT)
Resident Withholding Tax (Dividend/Interest/Royalty):
0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0
Gibraltar Value-Added Tax (VAT)
General VAT Rate:
0%
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Gibraltar Capital Gain Tax (CGT)
General Capital Gain Tax Rate:
N/A
Gibraltar Effective Tax Rate (ETR)
Composite Effective Average Tax Rate:
N/A
Composite Effective Marginal Tax Rate:
N/A
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TKEG Expat ™ Gibraltar Corporate Tax Guide
1.
Gibraltar Corporate Income Tax (CIT) Rates
The corporate income tax rate in Gibraltar is set at 15% as of 1 July 2024, up from 12.5% previously. This rate applies to most corporations, although utility and energy providers, as well as corporations abusing a dominant position in the market, are subject to a higher rate of 20%.
2.
Gibraltar Corporate Income Tax (CIT)
Corporate income tax returns in Gibraltar are due nine months after the close of the company’s financial year. The final tax payment must also be made by this deadline, following any payments made on account throughout the year. Estimated payments are required by 28 February and 30 September to account for future liabilities.
3.
Gibraltar Personal Income Tax (PIT)
Personal income tax in Gibraltar can be calculated using two different systems. The Allowances Based System applies rates between 14% and 39%, while the Gross Income Based System applies rates from 6% to 28%. The maximum effective personal income tax rate is capped at 25%.
4.
Gibraltar Exit Tax
Since 1 January 2020, Gibraltar has imposed a 15% exit tax on assets transferred out of the jurisdiction. This tax applies to situations where Gibraltar no longer retains the right to tax the transferred assets, such as when a business ceases its taxable presence in Gibraltar or relocates assets to another jurisdiction.
5.
Gibraltar Gaming Duty
Gaming duty in Gibraltar is levied at a rate of 0.15% on the gross profits earned by bookmakers, betting intermediaries, and holders of gaming operator licenses. The first GBP 100,000 of gross profits is exempt from this duty.
