On 1 July 2013, the Income Tax (Amendment) Regulations 2013, published in the Gibraltar Gazette No. 4006 of 6 June 2013, entered into force. According to the Regulations, paid or payable interest arising from intercompany loans or advances is taxable in Gibraltar if the company receiving the interest is registered in Gibraltar. Interest will not be subject to taxation if: -   the received or receivable interest is less than GBP 100,000 per annum; or -   the income falls within the scope of trading receipt, as defined by schedule 3 paragraph 15 of the Income Tax Act 2010, and...