Chamber launches new members’ magazine

The Gibraltar Chamber of Commerce has published the first issue of its new members’ magazine, Gibraltar Business.  The magazine will be published on a quarterly basis and will cover news and features on what is happening in Gibraltar’s thriving business community. The magazine has been several months in the planning and care has been taken to achieve an editorial balance covering established businesses and start up businesses across as many sectors as possible. The launch issue is packed with news and features on the introduction of private pensions, Gibraltar’s shipping...

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Chamber supports Public Service reform

The Gibraltar Chamber of Commerce welcomes the announcement by the Chief Secretary earlier this week that he will roll out a major reform programme of the Public Service.  This is something that ultimately will be of benefit to everyone in the community: individuals, businesses and organisations. The announcement confirms that the government is committed to invest for the long term in training and developing the civil service workforce to a higher level than any previous government. Part of the reform will aim to ensure smooth succession planning.  Too often in the past,...

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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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