Source link : https://europ.info/2025/10/26/gibraltar-and-spain-reach-landmark-deal-15-sales-tax-on-goods-agreed-in-post-brexit-settlement/
Gibraltar has agreed to implement a 15% sales tax on goods as part of a landmark post-Brexit settlement with Spain, officials confirmed on Thursday. The deal marks a significant step in resolving longstanding tensions over the British Overseas Territory’s customs and trade arrangements following the UK’s departure from the European Union. Under the new agreement, Gibraltar will align certain tax measures with Spain, facilitating smoother cross-border commerce while preserving the territory’s fiscal autonomy. This development is expected to enhance cooperation between Gibraltar and Spain, signaling a fresh chapter in their complex relationship.
Gibraltar and Spain Reach Agreement on 15 Percent Sales Tax in Post Brexit Deal
In a landmark move that reshapes the economic landscape of the region, Gibraltar has agreed to impose a 15% sales tax on goods as part of the latest post-Brexit settlement with Spain. This decision marks a significant concession, aiming to harmonize trade conditions and ease cross-border commerce after years of negotiation. The agreement is expected to foster closer cooperation between Gibraltar and Spain, while also addressing longstanding fiscal concerns from both sides.
Key components of the agreement include:
- Unified tax rate on retail goods sold in Gibraltar
- Improved customs protocols to expedite trade flow
- Joint regulatory oversight to ensure compliance and transparency
Analysts suggest that these measures will not only…
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Author : Atticus Reed
Publish date : 2025-10-26 18:10:00
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