Direkt zum Inhalt
Mood "Steuerberatung und Rechtsberatung"


21. Januar 2017
Lesezeit: 1 min
Auch verfügbar in:
Of Counsel (AIA, CRS, FATCA)

Gibraltar published a Bill, which once enacted, will provide a legal framework for the establishment of foundations in Gibraltar. A Bill has also been published to amend the Income Tax Act 2010, setting out the basis for taxation of such foundations and their beneficiaries. Beneficiaries who are ordinarily resident in Gibraltar are taxable on income from the foundation, where the underlying income was taxable on the foundation. A tax credit will be given in respect of the tax incurred by the foundation on that income. Nonresidents of Gibraltar are not taxed in Gibraltar on their income as a beneficiary of a foundation.