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GI Tax 2024

iCalculator™ GI: Gibraltar Tax Calculators

Welcome to iCalculator™ GI, your comprehensive suite of free tax calculators for Gibraltar. iCalculator™ has provided free tax calculators for Gibraltar since 2019. Since those early days we have extended our resources for Gibraltar to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Gibraltar Tax Calculator and salary calculators within our Gibraltar tax section are based on the latest tax rates published by the Tax Administration in Gibraltar. In this dedicated Tax Portal for Gibraltar you can access:

Gibraltar Tax Calculator 2024/25

The Gibraltar Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Gibraltar. This includes calculations for

  1. Employees in Gibraltar to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Gibraltar.
Gibraltar Tax Calculator 2024
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Advanced Gibraltar Salary Calculator
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Discover Gibraltar

Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula, bordering Spain to the north. It is strategically situated at the entrance of the Mediterranean Sea, just across from the African continent, and the Strait of Gibraltar serves as a major shipping route. The territory is known for the Rock of Gibraltar, a prominent limestone ridge. Gibraltar's closest neighbors include Spain and Morocco. Learn more about these countries: Spain and Morocco.

Gibraltar's culture is a unique blend of British and Mediterranean influences, reflective of its historical connections and geographic location. The population is a mix of various ethnicities, creating a diverse and vibrant cultural landscape. English is the official language, but Spanish and other languages are also commonly spoken. Gibraltar's multicultural heritage is celebrated through its cuisine, festivals, and traditions.

The economy of Gibraltar is largely service-based, with a significant focus on finance, tourism, and shipping. Its status as a low-tax jurisdiction and its comprehensive regulatory framework make it an attractive destination for financial services, including online gaming and insurance. Tourism is another key sector, with the Rock of Gibraltar, its historical sites, and duty-free shopping drawing visitors. The port of Gibraltar is a major maritime service center for shipping and bunkering. Despite its small size, Gibraltar's economy is dynamic and plays a significant role in the region, supported by its strategic location and strong relationship with the United Kingdom.

Overview of Taxation in Gibraltar

The tax system in Gibraltar is notable for its favorable conditions for both individuals and businesses. It includes various types of taxes such as income tax, corporate tax, and import duties. Personal income tax in Gibraltar is levied on the income of residents, encompassing wages, salaries, and other forms of earnings. Corporate tax is applied to the profits of companies operating in Gibraltar. Gibraltar does not levy value-added tax (VAT), making it an attractive jurisdiction for businesses and consumers alike.

Other elements of the tax system in Gibraltar include property taxes and excise duties on specific goods. The territory's tax regime is designed to support its economy and attract foreign investment, particularly in sectors like finance and online gaming. Gibraltar's status as a low-tax jurisdiction has made it a popular destination for international business and finance.

Understanding the nuances of Gibraltar's tax laws is crucial for compliance and effective financial planning. The government offers various incentives and exemptions to promote economic growth and attract investment. For the latest information on Gibraltar's tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, an essential resource for navigating the complexities of taxation in Gibraltar.