The Gibraltar Chamber of CommerceThe Gibraltar Chamber of CommerceThe Gibraltar Chamber of CommerceThe Gibraltar Chamber of Commerce
  • HOME
  • MEMBERS DIRECTORY
  • JOIN US
    • MEMBERSHIP REGISTRATION
    • MEMBERSHIP RATES
  • SERVICES
    • BUSINESS ADVICE
    • EXPORT SERVICES & DOCUMENTATION
    • LOCAL MARKET STATISTICS
    • LOCAL MARKET RESEARCH
    • BUSINESS FACILITIES
  • WEB RESOURCES
    • PUBLIC HOLIDAYS 2022
    • USEFUL LINKS
  • NEWS & PUBLICATIONS
    • GIBRALTAR BUSINESS MAGAZINE
    • PRESS RELEASES
    • SURVEYS & RESEARCH
    • ANNUAL REPORTS
  • ABOUT US
    • BOARD OF DIRECTORS
    • CHAMBER COMMITTEES
    • CONTACT
JOIN NOW
✕

Chamber Comment – B2B Gibraltar – Vol. 8 No. 3

  • Home
  • NEWS/PUBLICATIONS
  • B2B Magazine
  • Chamber Comment – B2B Gibraltar – Vol. 8 No. 3
Tax: Court advises in our favour
B2B Gibraltar – Vol. 8 No. 3
18 September 2011

The first three months of the year have sped by, and a great deal has been happening. We entered the New Year with a “ground breaking” new 10% corporate tax rate for all businesses; a level playing field for Gibraltar.

This offers great financial benefit to local businesses who have in the past been paying a 22% rate and who will now pay just 10%.

Our new proposition is competitive in the European market place, and should give Gibraltar an edge. Thankfully there has been no sign of an “exodus” in the on-line gaming sector, which we have built up so successfully, and there is more interest than ever from new corporate and private entities alike.

New developments

We now need to address our ability to take advantage of this new business; providing new purpose built and modern  office accommodation is crucial. The World Trade Centre, is said to be gaining speed with a successful launch at MIPIM, and with outline planning in place, building is said to be starting “soon”.

Although Government figures show declining hotel occupancy, there seems to be no shortage of guests at town centre locations, with some weekdays being fully booked. Being able to add another key “piece” to the Gibraltar jigsaw is vital, it is therefore pleasing to hear that both the Lester Hotel project and the Hilton Hotel and office project are both progressing.

The new airport terminal is rapidly taking shape, and looking all the more impressive. Having gained a new easyJet route from Liverpool, Paul Simmons, easyJet’s regional head told  B2B “I really believe that the new terminal will be a great help to our operations and aviation in Gibraltar.”

There are also rumours abounding, that new carriers, using smaller more efficient aircraft, are looking at the viability of the Madrid route again. This service  if timetabled correctly could be pivotal to Gibraltar, and would enable us to expand our market.

The Devil’s Tower Road redevelopment is now beginning to take impressive shape and, together with the new car parks and tunnel, should go a long way to improving the traffic infrastructure.

Power

Thankfully we have suffered few power cuts since the arrival of the temporary generators, and Government must be commended on the commitment to build a new power station; no mean feat in this tough financial climate. But one still wonders about the merits of the huge costs, when there is a European grid on our doorstep.

Housing

The initial two blocks of new rental housing  at Mid Harbours, the first to be built since the seventies, have been delivered. This development is also an attractive addition to skyline and  adds an extra 500 new flats to our housing stock, which is welcome.

Election

2011 will also bring a General Election to Gibraltar – the popular bet is on October , and as a result all Chamber members are encouraged to submit ideas for a “manifesto wish list” which they would like  the Board to put forward to the various political parties.

Christmas

Looking a little further forward, the Chamber would like the Christmas decorations and lights to be enhanced, not only in Main Street but also throughout Gibraltar in order to create a better festive feel for the Christmas season. In this, the most important time of the retail year, there is a need to create an atmosphere comparative to other main European cities not only with lights, but also with a festive  programme in which the whole community can participate. For this to be organized properly, the planning needs to start now by Government and cultural organisations.

WE'LL CALL YOU BACK

Request a call from the Chamber





    LET'S TALK GIBRALTAR

    Contact the Chamber

    • - Corporate Tax rate of 12.5% of profits
    • - No withholding tax on interest, dividend or royalty payments
    • - No Capital Gains Tax
    • - No Inheritance Tax
    CALL US NOW

    + 350 200 78376

    SEND AN EMAIL

    info@gibraltarchamberofcommerce.com

    The Gibraltar Chamber of Commerce
    GET IN TOUCH
    • → + 350 200 78376
    • → info@gibraltarchamberofcommerce.com
    CHAMBERS
    • → About Us
    • → Members Directory
    POLICIES
    • → Privacy Policy
    • → Cookie Policy
    © Copyright 2022, Gibraltar Chamber of Commerce. All Rights Reserved.
    JOIN NOW
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyse and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    CookieLawInfoConsent1 yearRecords the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    CookieDurationDescription
    S1 hourUsed by Yahoo to provide ads, content or analytics.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    CookieDurationDescription
    browser_id5 yearsThis cookie is used for identifying the visitor browser on re-visit to the website.
    iutk5 months 27 daysThis cookie is used by Issuu analytic system to gather information regarding visitor activity on Issuu products.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    CookieDurationDescription
    NID6 monthsNID cookie, set by Google, is used for advertising purposes; to limit the number of times the user sees an ad, to mute unwanted ads, and to measure the effectiveness of ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    CookieDurationDescription
    COMPASS1 hourNo description
    SAVE & ACCEPT
    Powered by CookieYes Logo