There is no VAT in Gibraltar.
Import duties are levied on goods imported into Gibraltar mostly at rates between 0% and 12%. A notable exception applies to motor vehicles. Excise duties are levied mainly on spirits, wines, tobacco and mineral oils.
The following table summarizes the current position on a range of goods at the time of writing.
|Dealer Imports||General Imports|
|Petrol/Diesel Motor Vehicles:|
|Engine up to 1500cc||15%||25%|
|More than 1500cc, but not exceeding 2000cc||18%||30%|
|In addition, there is a £1,000 cashback available on the importation of a hybrid/all-electric vehicle, £150 in the case of a hybrid/all-electric motorcycle, on registration in Gibraltar.|
|Electric Cars and Pedal Cycles||Nil||Nil|
|Two-Stroke engine, 50cc and under||50%||50%|
|Two-Stroke engine, over 50cc||50%||50%|
|Four-Stroke engine, 50cc and under||6%||12%|
|Four-Stroke engines, over 50cc||15%||30%|
|Petrol||£0.29 Per litre||Diesel||£0.22 Per litre|
|Cigarettes||£13.00 per catron (200 cigarettes|
|Rolling tobacco||£45.00 per kilo|
|Bulk exports of tobacco||5%|
|Waterpipe Tobacco||£3.00 per kilo|
|Product (General Imports)||Duty Payable|
|Whiskey and Spirits||£1.00 per litre|
|Printed matter for educational purposes, newpapers, journals and periodicals||Nil|
|Paper-based stationairy, writing implements||Nil|
|Other printed matter||12%|
|Recycled or approved environment friendly or eco-paper||Nil|
|Perfumes, beauty and makeup preparations, clothing, footwear and watches||3%|
|Jewellery, natural and cultured pearls||4.5%|
|Photographic equipment, televisions, hi-fi and other electronic or electrical audio or visual equipment, DVDs and CDs, mobile phones||Nil|
|Portable computers (laptops, tablet PCs and memory cards) and software||Nil|
|Other computer equipment||6%|
|Foodstuffs, pet food and medical supplies||Nil|
|Single-use plastic bags, single-use paper bags not from recycled material (commercial importation)||£0.05 per bag|
|Pre-shave, shaving, after-shave preparations, personal deodorants, antiperspirants, perfumed bath salts and other bath preparations||Nil|
|Yachts and other vessels for pleasure or sports|
|Rowing Boats and canoes||Nil|
The Stamp Duties Act 2005, which came into force on 12 January 2006, revoked and replaced the Stamp Duties Act 1932. Stamp duty is now payable only on instruments relating to real estate property in Gibraltar and on capital transactions. The following are the principal rates:
On conveyance or transfer of real estate property as follows:
First- and second-time buyers:
Stamp duty on mortgages as follows:
Rates are levied on business and residential properties in Gibraltar. There are discounts for the early payment of business rates, generally 15%. New starts-ups benefit from a 65% discount in their first year of trading and 25% for the second year. There are additional discounts for bars, restaurants and casinos in connection with their cooperation with the smoking ban in such establishments.
Gaming tax is levied at 1% of turnover (see Section 3.4 for further details).
There is no estate duty, capital gains tax, inheritance tax, wealth, gift or other capital tax. Estate duty was abolished for the estate of any individual who died on or after 1 April 1997.