Brexit has triggered a review of how Spain, Gibraltar and the UK work together in establishing tax residence and tackling tax avoidance.
The provisions in the latest agreement will take effect from the start of the next tax year, so on 1 July 2021 in Gibraltar and 1 January 2022 in Spain, writes Jason Porter, director at Blevins Franks.
•Tax co-operation between the authorities in Spain and Gibraltar;
•Tax residence criteria for people and companies; and,
•A specific procedure for administrative cooperation.
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