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News
Hassans donates £35,000 in support of GHA Covid-19 Fund
In support of the continuing demands being faced by the Gibraltar Health Authority (GHA), Hassans has made a £20,000 donation to the GHA Covid-19 fund. The funds will be used to ensure the GHA continues to be fully equipped to serve the Gibraltar community at the highest possible level.
The donation is in addition to a £15,000 sponsorship to Feeding the Frontline, which provides key workers with nutritious meals whilst they are caring for our community. The donation
will fund the cooking and delivery of food to GHA facilities.
Javier Chincotta, Managing Partner, commented:
“The GHA is doing a phenomenal job. The coming together of our community, both businesses and individuals, to raise over £1,000,000 is a true show of appreciation of the extremely demanding situation the GHA team is facing. In Gibraltar we come together and unite like no other when our Gibraltar needs us.”
James Levy CBE QC, Senior Partner, concludes:
“The true Gibraltar spirit is never stronger than when we are in a time of crisis. The generosity of our community has, as usual, been outstanding and I am delighted that we are able to join together in support of our dedicated health service. Our gratitude has never been greater.”
Double Tax Agreement comes into force
HM Government of Gibraltar announced at the end of March, that the Double Tax Agreement (DTA) between Gibraltar and the United Kingdom had become operational.
The DTA, which was signed in October 2019, will apply in Gibraltar for income tax, for the tax year commencing on 1st July onwards and for corporate tax, for the next accounting period beginning on or after 1st July.
It will apply in the United Kingdom for income tax and capital gains tax, for the
tax year which commenced on the 6th April and for corporate tax, for the financial year that commenced on the 1st April.
DTAs remove tax related barriers to cross border trade and investment. They are designed to assist businesses and the local economy in encouraging investment whilst helping prevent tax evasion and avoidance.
This DTA is based on the OECD Model Tax Convention and is Gibraltar’s first such DTA.
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Social distancing not social disconnecting
The Gibraltar International Magazine team are delighted to further support local charity Clubhouse Gibraltar amid the Coronavirus emergency.
Clubhouse Gibraltar have stated that it is normal to feel sad, stressed, confused, scared or even angry during a crisis and that it is important to talk to family and friends to help avoid these emotions.
Their message is simple but effective, maintain physical distancing, but remain socially connected.
Stay home, stay healthy, stay connected!
Jyske Bank (Gibraltar) becomes TN Bank
In April, Jyske Bank (Gibraltar) Limited were pleased to announce that the sale to Rooke Investments Limited, that was signed in June 2019, subject to regulatory
approval, had been completed. The bank changed its name to Trusted Novus Bank (TN Bank) and
it will continue as a bank “Out of the Ordinary” with its important role in the Gibraltar community for private
& corporate clients, and its quality service to international private banking clients. Christian Bjorlow, CEO and Lars Aarup Jensen, Managing Director, Jyske Bank
(Gibraltar) will continue to lead TN Bank, under the new ownership. Christian Bjorlow commented: “It’s been a challenging period, but we are very pleased that we have been able
to complete the transaction and continue providing banking services to our clients and jobs for our employees”.