Gibraltar tax
Tax residence: At least 183 days in tax year (1 July to 30 June). 2 special regimes for new residents: Category 2 individuals: tax on the first £118,000 of income, minimum £37,000 a year and Tax on £160,000 of income, £39,940 a year.
Checked against official sources on Change log
Tax residence
- At least 183 days in tax year (1 July to 30 June) · Presence in Gibraltar for at least 183 days in aggregate in a year of assessment makes an individual ordinarily resident.
- More than 300 days in three consecutive tax years · Presence in Gibraltar for more than 300 days over three consecutive tax years makes an individual ordinarily resident.
- More than 183 days in any of the last five tax years before the application · Presence in Gibraltar for more than 183 days in any of the last five years of assessment excludes an applicant unless waived.
- More than 90 days in average over any three of the last five tax years · Average presence of more than 90 days over any three of the last five years of assessment excludes an applicant unless waived.
- An individual is ordinarily resident if present in Gibraltar for at least 183 days in a tax year or for more than 300 days over three consecutive tax years; the tax year runs from 1 July to 30 June. The Income Tax Office issues residence certificates on evidence such as identity card, health card, utility bills and employer confirmation.
Special regimes for new residents
Special regime
Category 2 individuals: tax on the first £118,000 of income, minimum £37,000 a year
Tax relief
Details
- On: First £118,000 (≈ $156,000) of taxable income under the Allowances Based System rates
- Limit: £118k/yr ≈ $156k
A Category 2 individual is taxed under the Allowances Based System on the first £118,000 (≈ $156,000) of taxable income only, with a minimum yearly tax of £37,000 (≈ $48,900) and a maximum of £42,380 (≈ $56,000); income from abroad is left out of the charge unless the individual elects otherwise. 6 7 1 8
Taxed on
First £118,000 (≈ $156,000) of taxable income under the Allowances Based System rates, plus tax on Gibraltar property rents and on any approved Gibraltar business or employment income.
Who it applies to
- The individual holds a Category 2 certificate from the Finance Centre Director and has approved exclusive-use accommodation in Gibraltar for the whole year.
- Dividends, pensions and emoluments of office arising outside Gibraltar are not counted in assessable income unless the individual elects to include them (foreign-source income).
- Income from Gibraltar real property is assessed under the Income Tax Act 2010, and income from an approved Gibraltar trade, business or employment is taxed in the usual way.
- A spouse, civil partner or child can elect to have their income treated as the Category 2 individual's.
Exclusions
- The Gross Income Based System is not available to a Category 2 individual.
- Anyone present in Gibraltar more than 183 days in any of the last five tax years, or on average more than 90 days over any three, or who worked in Gibraltar in that time, is excluded unless the Finance Centre Director waives it.
Limits
- GBP 118,000 a year (≈ $156,000) · Taxable income above this amount is not charged
- GBP 37,000 a year (≈ $48,900) · Minimum tax payable each year of assessment after the first
- GBP 42,380 a year (≈ $56,000) · Maximum annual tax (Income Tax Office figure)
- GBP 3,083.33 a month (≈ $4,080) · Minimum tax for each month or part month in the first and last year of the certificate
Days in the country
- More than 183 days in any of the last five tax years before the application · Presence in Gibraltar for more than 183 days in any of the last five years of assessment excludes an applicant unless waived.
- More than 90 days in average over any three of the last five tax years · Average presence of more than 90 days over any three of the last five years of assessment excludes an applicant unless waived.
Tax residence
Eligibility looks back five tax years for presence and work in Gibraltar; an advance payment of the maximum tax is due by 30 November of each year of assessment.
Visas
Tied to the Category 2 certificate (see “Qualifying (Category 2) Individual certificate for high net worth individuals”). The Government announced on 18 June 2026 that new applicants need £5 million (≈ $6,610,000) net wealth and pay a £5,000 (≈ $6,610) fee.
Other taxes
Social insurance, property rental income and any approved local business income are taxed separately. Category 2 status gives no entitlement to public schooling or healthcare.
Checked against official sources on Change log
Special regime
HEPSS executives: tax on £160,000 of income, £39,940 a year
Tax relief
Details
- Limit: £160k/yr ≈ $211k
A High Executive Possessing Specialist Skills individual is deemed to have £160,000 (≈ $211,000) of assessable income under the Gross Income Based System, giving a fixed yearly tax of £39,940 (≈ $52,800) whatever the actual pay up to that level; other income is taxed in full at the usual rates. 9 7 1 3
Taxed on
Deemed £160,000 (≈ $211,000) of assessable income from the certified post, taxed under the Gross Income Based System; other assessable income is taxed in full, with the £160,000 (≈ $211,000) counted to set the rate.
Who it applies to
- The company or statutory body holds a HEPSS certificate for the executive from the Finance Centre Director.
- The executive is in a high executive or senior management post earning more than £160,000 (≈ $211,000) a year in Gibraltar.
Exclusions
- The Allowances Based System is not available to a HEPSS individual.
- Income from sources other than the certified post is taxed on the full amount.
Limits
- GBP 160,000 a year (≈ $211,000) · Deemed assessable income charged under the Gross Income Based System
- GBP 39,940 a year (≈ $52,800) · Tax for a whole year of assessment
- GBP 3,328.33 a month (≈ $4,400) · Tax for each month or part month in the first and last year of the certificate
Tax residence
The executive must not have been gainfully occupied or resident in Gibraltar in the 36 months before the year of application unless the Minister waives it.
Visas
Tied to the HEPSS certificate (route gi-hepss) applied for by the employer.
Other taxes
Social insurance contributions are separate; employee contributions are 10% and employer contributions 18% of gross earnings within the yearly minimum and maximum.
Checked against official sources on Change log
Which visas the regimes apply to
- Category 2 individuals: tax on the first £118,000 of income, minimum £37,000 a year: Category 2 (high net worth). Tied to the Category 2 certificate (see “Qualifying (Category 2) Individual certificate for high net worth individuals”). The Government announced on 18 June 2026 that new applicants need £5 million (≈ $6,610,000) net wealth and pay a £5,000 (≈ $6,610) fee.
- Tax on £160,000 of income, £39,940 a year: HEPSS (senior executives). Tied to the HEPSS certificate (route gi-hepss) applied for by the employer.
Standard rules and foreign-source income
Standard rules
Personal income tax: standard rate 20%, two tax systems, no capital gains tax
20% tax
Details
- Who: Allowances Based System: tax on taxable income
- Limit: £3,455/yr ≈ $4,570
Individuals are taxed on income arising in or derived from Gibraltar; ordinarily resident individuals are also taxed on dividends, pensions and emoluments from abroad that are received in Gibraltar. The standard rate is 20%, and taxpayers choose between the Allowances Based System (14%, 17%, 39%) and the Gross Income Based System (16% to 28%); there is no capital gains tax. 1 2 3 4 5
Taxed on
Income accruing in, derived from or received in Gibraltar from employment, self-employment, trade and property; ordinarily resident individuals are also taxed on certain foreign-source income that is received in Gibraltar.
Who it applies to
- Allowances Based System: tax on taxable income (assessable income less allowances) at 14% on the first £4,000, (≈ $5,290) 17% on the next £12,000 (≈ $15,900) and 39% on the balance.
- Gross Income Based System, gross assessable income up to £25,000 (≈ $33,000): 6% on the first £10,000, (≈ $13,200) 20% on the next £7,000 (≈ $9,250) and 28% on the balance.
- Gross Income Based System, gross assessable income above £25,000 (≈ $33,000): 16% on the first £17,000, (≈ $22,500) 19% on the next £8,000, (≈ $10,600) 25% on the next £15,000, (≈ $19,800) 28% on the next £65,000 (≈ $85,900) and 25% on the balance.
- Foreign-source income: dividends, pensions and emoluments of office from abroad received by an ordinarily resident individual are taxable in Gibraltar, but generally not when already taxed in the country where they arose and not received in Gibraltar; a benefit obtained in Gibraltar equivalent to receipt counts as receipt.
- Interest is generally not chargeable; there is no capital gains tax and estate duty was abolished in 1997.
Exclusions
- Interest is chargeable only for licensed money lending or deposit taking and inter-company loans above £100,000 (≈ $132,000).
- Pensions from approved schemes received at age 60 or over are taxed at 0%.
Limits
- GBP 3,455 a year (≈ $4,570) · Personal allowance under the Allowances Based System
- GBP 11,450 a year (≈ $15,100) · Assessable income up to this amount is not taxed
- GBP 25,000 a year (≈ $33,000) · Gross assessable income above which the higher Gross Income Based bands apply
- GBP 4,000 a year (≈ $5,290) · Top of the 14% band under the Allowances Based System
Days in the country
- At least 183 days in tax year (1 July to 30 June) · Presence in Gibraltar for at least 183 days in aggregate in a year of assessment makes an individual ordinarily resident.
- More than 300 days in three consecutive tax years · Presence in Gibraltar for more than 300 days over three consecutive tax years makes an individual ordinarily resident.
Tax residence
An individual is ordinarily resident if present in Gibraltar for at least 183 days in a tax year or for more than 300 days over three consecutive tax years; the tax year runs from 1 July to 30 June. The Income Tax Office issues residence certificates on evidence such as identity card, health card, utility bills and employer confirmation.
Visas
A residence permit does not set tax residence; tax residence follows days of presence. Category 2 and HEPSS holders have separate special tax regimes.
Other taxes
Employee social insurance is 10% of gross earnings (£745.29 (≈ $990) to £2,121.21 (≈ $2,800) a year) and employer social insurance 18% (£1,662.57 (≈ $2,200) to £2,923.83 (≈ $3,860)) from 1 July 2026; self-employed contributions are 20% of gross earnings (£1,583.40 (≈ $2,090) to £2,784.60 (≈ $3,680)). Corporation tax is 15% since 1 July 2024 (20% for utilities and dominant-position companies).
Checked against official sources on Change log
VAT, social security and other taxes
- Employee social insurance is 10% of gross earnings (£745.29 (≈ $990) to £2,121.21 (≈ $2,800) a year) and employer social insurance 18% (£1,662.57 (≈ $2,200) to £2,923.83 (≈ $3,860)) from 1 July 2026; self-employed contributions are 20% of gross earnings (£1,583.40 (≈ $2,090) to £2,784.60 (≈ $3,680)). Corporation tax is 15% since 1 July 2024 (20% for utilities and dominant-position companies).
- Social insurance, property rental income and any approved local business income are taxed separately. Category 2 status gives no entitlement to public schooling or healthcare.
- Social insurance contributions are separate; employee contributions are 10% and employer contributions 18% of gross earnings within the yearly minimum and maximum.
Questions people ask
When do you become a tax resident in Gibraltar?
At least 183 days in tax year (1 July to 30 June) (Presence in Gibraltar for at least 183 days in aggregate in a year of assessment makes an individual ordinarily resident); More than 300 days in three consecutive tax years (Presence in Gibraltar for more than 300 days over three consecutive tax years makes an individual ordinarily resident); More than 183 days in any of the last five tax years before the application (Presence in Gibraltar for more than 183 days in any of the last five years of assessment excludes an applicant unless waived); More than 90 days in average over any three of the last five tax years (Average presence of more than 90 days over any three of the last five years of assessment excludes an applicant unless waived). An individual is ordinarily resident if present in Gibraltar for at least 183 days in a tax year or for more than 300 days over three consecutive tax years; the tax year runs from 1 July to 30 June.
Who qualifies for Category 2 individuals: tax on the first £118,000 of income, minimum £37,000 a year?
The individual holds a Category 2 certificate from the Finance Centre Director and has approved exclusive-use accommodation in Gibraltar for the whole year. Tied to the Category 2 certificate (see “Qualifying (Category 2) Individual certificate for high net worth individuals”).
Who qualifies for Tax on £160,000 of income, £39,940 a year?
The company or statutory body holds a HEPSS certificate for the executive from the Finance Centre Director. Tied to the HEPSS certificate (route gi-hepss) applied for by the employer.
Is there a tax break for Category 2 (high net worth) holders in Gibraltar?
Category 2 individuals: tax on the first £118,000 of income, minimum £37,000 a year: A Category 2 individual is taxed under the Allowances Based System on the first £118,000 (≈ $156,000) of taxable income only, with a minimum yearly tax of £37,000 (≈ $48,900) and a maximum of £42,380 (≈ $56,000); income from abroad is left out of the charge unless the individual elects otherwise. It's separate from the visa and has its own conditions.
≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated.
Sources (9)
Official sources
- Income Tax Office: income tax for individuals · HM Government of Gibraltar, Income Tax Office · checked 2026-10-11
- Income Tax Act 2010, s. 11 and Schedule 1 · HM Government of Gibraltar, Gibraltar Laws · checked 2026-10-11
- Social Insurance Contribution Class with effect from 1 July 2026 · HM Government of Gibraltar, Income Tax Office · checked 2026-10-11 · published 2026-07-01
- Self-Employed Persons: Guide to Social Insurance (applicable from 1 July 2025) · HM Government of Gibraltar, Income Tax Office · checked 2026-10-11 · published 2025-07-01
- Gibraltar Residence Certificate & Treaty-Based Residency Forms: guidance (16 September 2026) · HM Government of Gibraltar, Income Tax Office · checked 2026-10-11 · published 2026-09-16
- Qualifying (Category 2) Individuals Rules 2004 (LN 2004/070, as amended to 22 June 2026) · HM Government of Gibraltar, Gibraltar Laws · checked 2026-10-11 · published 2026-06-22
- Income Tax Office: Qualifying Individuals (Category 2 and HEPSS) · HM Government of Gibraltar, Income Tax Office · checked 2026-10-11
- Government announces changes to Category 2 regime - 469/2026 · HM Government of Gibraltar, Press Office · checked 2026-10-11 · published 2026-06-18
- High Executive Possessing Specialist Skills Rules 2008 (LN 2008/016, as amended to 1 August 2026) · HM Government of Gibraltar, Gibraltar Laws · checked 2026-10-11 · published 2026-08-01