Category: Tax

Enhanced Tax Transparency in the European Union

Enhanced Tax Transparency in the European Union   By Gavin Gafan Senior Manager, Tax, Deloitte Limited   It is evident that EU Member States (and indeed authorities at a global level) are improving how they communicate with each other on…

The Anti Tax Avoidance Directive

The Anti Tax Avoidance Directive   What is it, how has it been implemented in Gibraltar and will it survive Brexit?Francis McGowan, PwC, discovers   The Anti Tax Avoidance Directive (ATAD) is a direct result of the work of the OECD’s…

UK property ‘levelling the playing field’

UK property ‘levelling the playing field’ By Lynette Chaudhary, International Tax & Research Director, STM Fiscalis Ltd For UK property investors, changes have been proposed in UK Government consultation documents, which seek to extend the UK’s grip on the taxation…

The tax efficient Mediterranean Lifestyle

The tax efficient Mediterranean Lifestyle   By Gavin Gafan, Assistant Manager, Tax Department & Hannah Clark, Manager, Tax and Company Services, Deloitte   It is safe to say that we currently live in a fast-pace society. One only has to…

UK Residential Property Tax Changes

UK Residential Property Tax Changes   By Lynette Chaudhary, International Tax Manager, STM Fiscalis Ltd   A number of Gibraltar residents (individuals/companies/trusts) own UK residential property. Gibraltar does not tax foreign rental profits and neither does it levy Capital Gains…

New EU VAT rules causing concern

Local suppliers of electronic services are facing higher operating costs and a great deal of uncertainty as a result of new EU-wide rules on Value Added Tax (VAT), as business representatives discovered in early October when they joined a round…

Preparing for July tax purge

The OECD advance group of 44 countries and territories, including the UK, Spain, Portugal and Gibraltar, is adopting “an ambitious but realistic timetable” to implement common reporting standards for the automatic exchange of tax information The first annual exchange of…