On 16 March, El Pais in Spain reported that Spain will take Gibraltar off its list of tax havens after an agreement with the UK on tax cooperation entered into force earlier this month. While it is no longer on the EU or the OECD lists of non-cooperative jurisdictions, it remained on Spain’s own blacklist, created in 1991. The agreement seeks to reinforce cooperation and information exchange to prevent Gibraltar from becoming a magnet for Spanish tax evaders. It sets out clear rules to define when a natural or legal person shall be considered tax resident in Spain.
The agreement is available at –
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