Gibraltar Tax Agency Updates Guidance on Individual Income Tax

The Gibraltar Income Tax Office April 4 updated guidance on individual income tax. Topics covered include: 1) the 20 percent standard tax rate; 2) deductions and allowances; 3) determining whether income is accrued in and derived from Gibraltar; 4) instructions on pay as you earn (PAYE) for employee payroll tax; 5) option to pay tax under the Allowance Based System (ABS) or the Gross Income Based System (GIBS); 6) the taxation of pensions and insurance; and 7) relief on foreign paid tax. [Gibraltar, Income Tax Office, 04/04/19]

Reference:
View Guidance.