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GI Tax 2023

Gibraltar Tax Tables 2023 - Tax Rates and Thresholds in Gibraltar

This page contains the tax table information used for the calculation of tax and payroll deductions in Gibraltar in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ GI, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Gibraltar or would like to add to or suggest amendments to the information herein then please contact us.

Gibraltar Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Gibraltar are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Gibraltar Tax Calculator 2023.

Gibraltar provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Gibraltar in 2023:

Gibraltar Standard Deduction in 2023
Residence StatusStandard Deduction
Resident$ 3,455.00
Non-resident$ 0.00
Gibraltar Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
Array%Income from $ 0.01 to $ 1.00
Array%Income from $ 0.000.00to $ 1.00
Gibraltar Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
Array%Income from $ 0.01 to $ 1.00
Array%Income from $ 0.000.00to $ 1.00

In Gibraltar, social security deductions made by employees are not deductible when calculating taxable income. This means that the contributions employees make towards the social security system are included in their gross income and are subject to income tax. Therefore, these social security contributions do not reduce the taxable income of employees, and the overall income tax liability is calculated on the gross income before any social security deductions are made. This approach aligns with Gibraltar's tax system, which typically does not allow for the deduction of social security contributions from taxable income.

Gibraltar Social Security and Payroll Deduction Rates in 2023

In Gibraltar, both employees and employers contribute to the social security system, which funds various benefits and services. The primary components of these contributions include pension, healthcare, and unemployment benefits.

Gibraltar Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Social Insurance Contributions100%100%200%
Gibraltar Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Social Insurance Contributionsn/a$ 676.08n/a$ 1,508.04

Historic Tax Tables supported for Gibraltar

The following tax tables are supported by iCalculator™ GI as part of the suite of free tax tools we provide for Gibraltar.