author_ey
EY

Share This Article

Gibraltar announces interest income of insurers and Distributed Ledger Technology firms must be treated as taxable income

26 January 2024

|

Tax Alerts, Information Reporting, Legis...

|

Gibraltar

Interest income of insurers and Distributed Ledger Technology firms is to be treated as taxable income in Gibraltar.This change is to come into effect as of 1 February.The applicable legislation has yet to be published. The Government of Gibraltar has announced that interest income of insurers and Distributed Ledger Technology (DLT) firms is to be treated as taxable income, effect as of 1 February.Currently, a company is only taxable on interest income in Gibraltar either:If the company is a bank or similar entityIf inter-company interest income (i.e., income from another company or total income from connected companies) exceeds 100,000 Gibraltar pounds...