Gibraltar

Companies are subject to Gibraltar taxation on income accrued in and derived from Gibraltar.

The standard corporate income tax (CIT) rate is 12.5% (increasing from 10% with effect from 1 August 2021), with utility and energy providers and companies that abuse a dominant position paying a higher rate of 20%. For telecommunications companies, the 12.5% rate will apply to the gains and profits arising from their non-telecommunications business and activities.