Gibraltar to Implement 15% Sales Tax by 2028 Following Post-Brexit Agreement with Spain

• Gibraltar will introduce a 15 percent sales tax by 2028 due to a post-Brexit agreement between the UK and Spain.
• Gibraltar is outside the EU customs union, leading to customs checks at its border with Spain.
• The European Commission requires Gibraltar to align its taxation policies with the EU to remove customs checks.
• The 15 percent sales tax will end Gibraltar’s VAT-free regime.

Source: fiscalsolutions.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.