Commissioner of Income Tax, Ministry of Finance, HM Government of Gibraltar, St Jago's Stone Block, 331 Main Street, Gibraltar GX11 1AA; incometax@gibraltar.gov.gi; tel: +350 200 75260 (EU Member States can furthermore refer to the Taxes in Europe Data Base maintained by the European This tax residency status is aimed at individuals with specialist skills, who come to work and live in Gibraltar. For Gibraltar residents this is often a result of retaining a previous UK residence or having built up a property portfolio in the UK. The Gibraltar Government introduced the Category 2 rules to make Gibraltar a fiscally attractive location for wealthy individuals. How to obtain Gibraltar tax residency . Gibraltar is a VAT free jurisdiction. Upon entry into Gibraltar, a six-month residence permit is initially granted. If your goal is to obtain tax residency in Gibraltar, internationally-mobile individuals looking to locate their business and/or family affairs in Gibraltar have many residence categories at their disposal. Conditions on residential accommodation and previous residence and activities in Gibraltar apply. The capping of tax is calculated as follows: Common tax statuses in Gibraltar. Import duties are levied on goods imported into Gibraltar, mostly at rates 0% - 12%. #Deloitte's Gibraltar fact sheet on the "Category 2" tax residency scheme for the high net worth individual and their family. NB: Gibraltar tax rules are considerably more complicated than the above simplified summary, and professional advice on the situation of any particular individual is advisable. The effect of Brexit on Gibraltar concerns the status of Gibraltar after withdrawal of the United Kingdom from the European Union.The UK left the EU on 31 January 2020 after having voted to leave in the 2016 referendum and formally notified the EU of its intention to withdraw in March 2017. Tax-efficient residence in Gibraltar December 2005 PricewaterhouseCoopers (www.pwc.com) is the world’s largest professional services organisation. Gibraltar is rich in history and offers and array of attractions such as the upper rock, the Moorish Castle, St. Michaels Cave, the Great Siege Tunnels, the dolphin trips, the botanical gardens, commonwealth park and the Gibraltar museum to name a few. Residency in Gibraltar . The Gibraltar Government introduced the CAT2 rules to make Gibraltar a fiscally attractive location for wealthy individuals. This enables a non-Gibraltar resident to obtain tax residence in Gibraltar thus avoiding paying personal taxes in his/her own higher tax jurisdiction. Low-Tax Fiscal Residence in Gibraltar (Category 2 Residence) In Gibraltar this type of residence is popularly known as Category 2 Residence. Permit of Residence Gibraltar If you are working in Gibraltar and you intend to reside in Gibraltar you must apply for a permit of residence. No VAT, no capital gains tax, no inheritance tax; Its currency is the Gibraltar pound which is at par with UK sterling; Gibraltar is not a Eurozone country. Gibraltar operates a low tax regime including a tax residency scheme for individuals with net assets in excess of £2m (conditions apply) capping the maximum personal income tax at £27,560. This, along with its 300 days of sunshine and proximity to the rest of Europe makes it an attractive low tax location for individuals. 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