Chamber publishes 2019 Election Wish List

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Chamber hits out at hike in customs fees

The introduction of additional customs administration fees which come into effect from 1st September are yet another example of the government championing increases in government efficiency whilst lumbering the private sector with yet another tax. The new taxes, although relatively small, will cost some businesses thousands of pounds a year and will make Gibraltar less competitive for goods imported for onward delivery known as T1 shipments. Fees are also being levied for processing temporary import licences and for export licences. These  taxes are an additional cost for local freight...

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Chamber welcomes discussions on double tax agreement

The Gibraltar Chamber of Commerce welcomes the announcement that the Gibraltar Government has entered into discussions to reach a double taxation agreement with the UK Government. The Chamber has lobbied for a number of years to have a double taxation agreement with the UK as it will give certainty for companies and improved standing for Gibraltar as a finance centre. We look forward to considering specific terms when these are available. The Chamber also welcomes the presence of Robert Jenrick, Exchequer Secretary to the UK Treasury on the Rock. Mr Jenrick’s presence in Gibraltar...

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Chamber responds to draft pensions bill

In June last year the Chamber made a number of practical and reasonable submissions to the government in response to the Command Paper for private sector pensions published in May 2018.  We note in the recently published private sector pensions bill that none of the submissions we made have been adopted or incorporated into the bill. The Chamber also notes that significant parts of the Command Paper have been cut and have not been included into the draft bill. The draft bill has no mention of the type of pensions which will be permissible in Gibraltar.  Employers and...

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Chamber welcomes Victoria Keys development

The board of the Gibraltar Chamber of Commerce welcomes the recently announced Victoria Keys development.  This is the largest single development project in Gibraltar in the last 20 years and clearly demonstrates the continued confidence by investors in the future of Gibraltar’s thriving economy.  This is even more so when one considers the ongoing uncertainty which Brexit presents. This bold initiative is just what Gibraltar needs at this time to ensure that Gibraltar continues to grow whilst ensuring that the city centre and other landmark points are not ruined by...

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Chamber meets with Liam Fox

Chamber of Commerce President, Christian Hernandez and director George Desoisa met with the UK Secretary of State for Trade, Dr Liam Fox at the Convent on 17th January.  The meeting was to explore future business opportunities for Gibraltar after it leaves the European Union as well as to discuss recent developments. Mr. Hernandez briefed Dr Fox on some of the current concerns of Chamber members and of the significant challenges that Gibraltar faces as a result of Brexit.  Mr. Hernandez also highlighted the importance of ensuring that the UK Government fully includes Gibraltar...

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