Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Corporate Tax
4.
Cross-border treatment
4.1
On what basis are non-resident corporate entities subject to tax in your jurisdiction?
Gibraltar

Answer ... A non-resident corporate entity will be subject to taxation in Gibraltar if it has assessable income which is accrued in and derived from Gibraltar. Unilateral relief may apply.

For more information about this answer please contact: Emma Lejeune from ISOLAS
4.2
What withholding or excise taxes apply to payments by corporate taxpayers to non-residents?
Gibraltar

Answer ... There is no withholding tax on interest, dividends or royalty payments.

For more information about this answer please contact: Emma Lejeune from ISOLAS
4.3
Do double or multilateral tax treaties override domestic tax treatments?
Gibraltar

Answer ... Gibraltar has not entered into any double tax treaties. However, it has entered into tax exchange of information agreements with more than 25 jurisdictions.

For more information about this answer please contact: Emma Lejeune from ISOLAS
4.4
In the absence of treaties, is there unilateral relief or credits for foreign taxes?
Gibraltar

Answer ... Yes, Gibraltar legislation does provide for unilateral relief for foreign taxes suffered on income that is subject to tax in Gibraltar.

For more information about this answer please contact: Emma Lejeune from ISOLAS
4.5
Do inbound corporate entities obtain a step-up in asset basis for tax purposes?
Gibraltar

Answer ... No.

For more information about this answer please contact: Emma Lejeune from ISOLAS
4.6
Are there exit taxes (for disposed-of assets or companies changing residence)?
Gibraltar

Answer ... No.

For more information about this answer please contact: Emma Lejeune from ISOLAS
Contributors
Topic
Corporate Tax