Spain has officially removed Gibraltar from its designation as a non-cooperative tax jurisdiction, according to a ministerial order published last Saturday in the Official State Gazette. This decision concludes a period of 35 years regarding the status of the territory within Spain’s regulatory framework. The move confirms that Spain no longer classifies Gibraltar as a tax haven, joining other jurisdictions such as Barbados, Samoa, Seychelles, and Trinidad and Tobago in this updated list.
Sources indicate that the determination was based strictly on technical criteria rather than diplomatic considerations. A key factor influencing this change was the bilateral agreement on tax cooperation that Gibraltar signed with Spain. This agreement was established in 2019 and became effective in March 2021, and its implementation has been assessed by Spanish authorities as satisfactory.
The Spanish Ministry of Finance emphasized that the decision reflects Gibraltar’s continued participation within international transparency standards, noting that the territory is a member of the Global Forum on Transparency and Exchange of Information. The removal signals a formal alignment with international best practices regarding financial transparency and tax cooperation between the two entities. This official action updates Spain’s standing requirements for international tax compliance.
Topics: #gibraltar #spain #tax
