Gibraltar’s corporation tax increase to affect online gambling operators

Gambling hub to adopt OECD minimum tax rate standards as corporation tax rises to 12.5% ahead of further hikes

The Gibraltar government has confirmed corporation tax will rise from 10% to a transitional rate of 12.5% in a move which could have significant consequences for the peninsula’s gambling operators. Delivering his budget address for 2021, Chief Minister Fabian Picardo revealed Gibraltar would look to adopt an interim rate of 12.5%, which is likely to…

Gibraltar | Gibraltar Gambling Commission | Online gambling | Regulation | Sports betting | Tax | UK