Europe
Gibraltar: tax at a glance
Gibraltar is a British overseas territory. Companies are taxed only on income accrued in or derived from Gibraltar; ordinarily resident individuals pay tax on worldwide employment and self-employment income, with credit for foreign tax. There is no VAT, capital gains tax, wealth tax or inheritance tax. Category 2 status caps HNW tax at around GBP 37k–42k. Since 15 July 2026, a 15% Transaction Tax has applied to imported goods in place of import duty.
Ways to relocate to Gibraltar
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 28%There are two systems, and taxpayers use whichever works out lower. The Gross Income Based System peaks at 28% (GBP 40k–105k), then falls to 25% above that. The Allowance Based System has a marginal rate of up to around 39%.
- Corporate income
- 15%
- Capital gains
- None. There is no capital gains tax.
- VAT / None. There is no VAT.
- None
- Dividends (WHT)
- 0%
- Interest (WHT)
- 0%
- Royalties (WHT)
- 0%
- Social security (employee)
- 10%, with an annual cap of around GBP 2,121
- Social security (employer)
- 18%, capped
- Wealth tax
- None
- Inheritance / estate
- None. There is no estate duty.
- Property tax
- General rates based on occupation. There is no annual value-based land tax.
- Other
- Utility and fuel companies are taxed at 20% corporate
How the system works
- Tax system
- Territorial
- Foreign income
- Largely outside scope (territorial)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- Yes
- CRS
- Participating
A special regime for new arrivals
Two regimes apply. Category 2 caps assessable income at GBP 118,000. HEPSS caps it at GBP 160,000.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Sources (3)
Secondary references