Gibraltar Implements Anti-Tax Avoidance Directive & Exit Tax

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Gibraltar has implemented Council Directive (EU) 2017/952 (ATAD 2) to counter multinational tax avoidance using hybrid mismatch arrangements. It has also published legislation to implement the Council Directive (EU) 2016/1164 exit tax obligations.

The Anti-Tax Avoidance Directive (ATAD). The measures covered in ATAD relate to deductions for interest costs, hybrid mismatches, exit taxes, controlled foreign companies (CFCs) and a general anti-abuse rule (GAAR).