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8.1.1. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty GBP 10 Capital duty of GBP 10 applies for the initial authorization of capital and capital increases.
Payroll Tax No There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees under the PAYE system.
Social Security Employer Contribution 20% Employer contributions are based on gross salary at a rate of 20%, with a minimum contribution of GBP 28 (increased from GBP 18.15 effective 1 July 2021) per week, and a maximum of GBP 50 (increased from GBP 40.15 effective 1 July 2021) per week.
Social Security Employee Contribution 10% Employee contributions are based on gross salary at a rate of 10%, with a minimum contribution of GBP 12.10 (increased from GBP 6.05 effective 1 July 2021) per week, and a maximum of GBP 36.3 (increased from GBP 30.25 effective 1 July 2021) per week.
Property Tax Varies A general business property tax is levied annually on businesses in Gibraltar. The rate varies depending on the property.
Transfer Tax N/A N/A
Stamp Duty 0% to 5.5% Stamp duty applies to the sale or transfer of real estate situated in Gibraltar, or the sale of shares in a company owning real estate in Gibraltar. The rates vary depending on the value of the real estate. For real estate valued up to GBP 200,000, the rate is 0%; if valued over GBP 200,000 up to GBP 350,000, the rate is 2% on the first GBP 250,000 and 5.5% on the balance; and if valued over GBP 350,000, the rate is 3% on the first GBP 350,000 and 3.5% on the balance.
Excise Taxes N/A N/A
Customs Duty 0% to 12% Import duties apply at rates ranging from 0% to 12%. In response to the COVID-19 pandemic, Gibraltar provided a waiver of import duty on all classes of goods (except for tobacco, fuel, alcohol, building materials, disposable single use plastic products and motor vehicles) commencing on 1 April 2020 until 30 September 2020 and a rebate of import duty on motor vehicles imported and sold in June 2020. However, in order to support the 'Buy Local' campaign of the Government, a new import duty is introduced at a flat rate of 10% on all personal imports. The 10% personal duty does not apply to any foodstuffs, specified personal imports such as medicines, medical aids and accessories, children’s clothing, books, educational products, imports totaling less than GBP 25 or the aforementioned products that are subject to a higher duty regime.
Gaming tax 1% A gaming tax is levied at a rate of 1% on gaming income. In response to the COVID-19 pandemic, Gibraltar deferred the gaming tax by 3 months to the end of each quarter.