Tax Return
A tax return refers to the process of submitting a declaration of income, expenses, and other financial details to Gibraltar’s Income Tax Office. This is required for individuals, businesses, and other entities that are liable for taxes in Gibraltar.
How We Can Help With Tax Returns
- We complete the Tax Return form
- We submit it by email together with the required supporting documents
- We liaise with the Income Tax Office in Gibraltar to monitor progress and ensure everything remains in order until the Tax Return is accepted
Why Might You Need to Submit a Tax Return?
You may need to submit a Tax Return to the Income Tax Office if you:
- Are self-employed and need to declare income from your business or professional activities
- Have income from employment that needs to be declared or assessed for tax purposes
- Receive income from more than one source, such as employment, self-employment, property or investments
- Need to claim applicable allowances or deductions when calculating your taxable income
Important Things to Remember
- The tax year for self-employed individuals in Gibraltar runs from 1 July to 30 June.
- Income tax returns must be submitted by 30 November following the end of the relevant tax year. For example, a return for the year ending 30 June must be submitted by 30 November of the same year.
- Self-employed individuals are required to submit a Statement of Profit or Loss together with their Income tax return.
- Submitting your tax return and supporting documents by the deadline is important to ensure you remain compliant and avoid potential penalties.
- Keeping accurate records of your business income and expenses throughout the year will make it easier to prepare your tax return and Statement of Profit or Loss.
Required Documents
Submitting Tax Returns requires:
- Completed Tax Return Form
- Passport, ID or Civilian Registration Card
- Statement of Profit or Loss (If applicable)
Turnaround Time
Submitting Tax Returns involves two stages:
Preparation and Submission: Once we have received all the required information and supporting documents, we can prepare and submit your request within 2 working days.
Application Processing: After submission, your Tax Return is processed by the Income Tax Office in Gibraltar. Processing times* vary depending on the complexity of the Tax Return, date of submission and the volume of Tax Returns being handled.
*Disclaimer: The processing of the above services is the sole responsibility of the Income Tax Office in Gibraltar. A2Z Business Solutions acts only as an independent facilitator and assumes no responsibility for the processing, approval, or outcome of these services.
