Gibraltar announces that the increase in corporate tax rate applies to profits from 1 August 2021

Local contact

EY Global

18 Aug 2021
Subject Tax Alert
Categories Corporate Tax
Jurisdictions Gibraltar

HM Government of Gibraltar has clarified that the increase in the corporate tax rate from 10% to 12.5% applies to profits from 1 August 2021 onwards, and not to accounting periods commencing after 20 July 2021, as was initially announced in the Budget 2021.

See EY Global Tax Alert, Gibraltar issues Budget 2021, dated 21 July 2021 for details on the announced budget measures.


For additional information with respect to this Alert, please contact the following:

EY Limited Gibraltar
  • Neil Rumford
  • Stephen Carreras

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.