International Agreement on Taxation between the United Kingdom and Spain regarding Gibraltar Image

International Agreement on Taxation between the United Kingdom and Spain regarding Gibraltar

13 March 2021

An international Agreement to improve tax-cooperation between the tax authorities of Spain and Gibraltar has now entered into force. The Agreement entered into force on 4th March 2021 and was published in Spain’s Official State Bulletin on 13th March 2021.  However, many of the provisions of the Agreement do not take effect until the start of the tax year following entry into force. Gibraltar’s tax year runs from the 1st of July till the 30th of June and Spain’s tax year runs from the 1st of January till the 31st of December.  

The Chief Minister of Gibraltar, Fabian Picardo, signed the Notice adding the Agreement to the schedules of the Gibraltar Income Tax Act 2010 on 26th February 2021.

The UK Government has stated “This tax treaty is in the interest of all parties. It demonstrates the shared commitment of the UK and Gibraltar Governments, together with Spain, to ensure the continued prosperity of Gibraltar and the region as a whole, in the same constructive spirit that marked agreement of a framework on 31st December 2020.”

The full text of the Agreement in English can be found here.


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