In Gibraltar, recently enacted legislation amends the income tax treatment of royalties. The changes made to the Income Tax Act 2010 are effective 1 January 2014.
The amendments are intended to satisfy EU requirements, and the effect is to include royalties within the classes of income subject to tax in Gibraltar.
Now royalties that are deemed to accrue in, or be derived from, Gibraltar will be subject to corporate taxation at a rate of 10% (20% in the case of utilities or companies abusing a dominant position). Royalty income will be deemed to accrue in, or be derived from, Gibraltar where the company receiving the income is registered in Gibraltar.
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