SPAIN TO TAKE GIBRALTAR OFF TAX HAVEN LIST AFTER TREATY ENTERS INTO FORCE

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.

https://english.elpais.com/economy_and_business/2021-03-16/spain-to-take-gibraltar-off-tax-haven-list-after-treaty-enters-into-force.html

The agreement is available at –

https://www.gibraltar.gov.gi/new/sites/default/files/press/2019/Press%20Releases/Text%20of%20Tax%20Treaty%20in%20English.pdf

If you would like to make a modest contribution for my time and ongoing expenses, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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