Gibraltar has published the implementing regulations for the hybrid mismatch rules and exit tax rules of the EU Anti-Tax Avoidance Directive. The Regulations came into operation on 1 January 2020 and apply in relation to accounting periods commencing on or after 1 January 2020. Hybrid Mismatch Rules The Income Tax (Amendment No. 2) Regulations 2020 provide for the implementation of hybrid mismatch rules of the EU Anti-Tax Avoidance Directive as amended (ATAD2). The hybrid mismatch rules of the original Directive (ATAD1) were implemented at the end of 2018 with effect from 2019. The Regulations include measures to counter hybrid mismatches...