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Gibraltar 2022 Budget Address Delivered

07 July 2022

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Proposed Changes

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Gibraltar

On 28 June 2022, Gibraltar's Chief Minister Fabian Picardo delivered the 2022 Budget Address. Tax measures for companies announced in the address include: The introduction of a COVID recovery charge on all companies at a rate of GIP 25 per week for two years beginning from 1 August 2022; The termination of the marketing incentive providing an additional deduction amounting to 50% of marketing costs, although it will continue for the current year but only if used in the way it was originally intended, i.e., the costs must be for the marketing of Gibraltar as a destination with the aim...