{"id":9458,"date":"2021-07-08T09:00:56","date_gmt":"2021-07-08T09:00:56","guid":{"rendered":"https:\/\/letslaw.es\/?p=9458\/"},"modified":"2023-01-23T10:15:53","modified_gmt":"2023-01-23T10:15:53","slug":"agreement-between-spain-and-the-united-kingdom-on-the-fiscal-control-of-gibraltar","status":"publish","type":"post","link":"https:\/\/letslaw.es\/en\/agreement-between-spain-and-the-united-kingdom-on-the-fiscal-control-of-gibraltar\/","title":{"rendered":"Agreement between Spain and the United Kingdom on the fiscal control of Gibraltar"},"content":{"rendered":"<p>On 4 March 2019, an <strong>international treaty with the United Kingdom<\/strong> was signed ad referendum, pending agreement by the Council of Ministers and parliamentary approval, which includes various measures <strong>aimed at preventing Gibraltar from being treated as a tax haven<\/strong>.<\/p>\n<p>This agreement is a very important step towards preventing the use of this territory to evade money laundering and\/or tax evasion controls.<\/p>\n<p>It sets out the <strong>new tax rules<\/strong> governing the cross-border relationship between Gibraltar and Spain and completes the package of four memoranda detailing how the relationship between the Spanish and Spanish governments will be following the UK&#8217;s exit from the European Union.<\/p>\n<p>The agreement sets out <strong>the measures that will resolve tax residency disputes for individuals<\/strong>, thus leaving no room for fictitious tax residency and the possible use of companies to hide the identity of their real owners.<\/p>\n<p><strong>Individuals will be considered tax resident in Spain<\/strong> if any of the following circumstances apply to them:<\/p>\n<ul>\n<li>The <strong>only permanent residence<\/strong> at their disposal is in Spanish territory.<\/li>\n<li>They make <strong>more than 183 overnight stays in Spain during the calendar year<\/strong>.<\/li>\n<li><strong>Two thirds of their net assets are in Spanish territory<\/strong> or <strong>their spouse or descendants have their habitual residence in Spain<\/strong>.<\/li>\n<\/ul>\n<p>Legal entities may have their tax residence in Spain, either because the majority of their assets are located in Spain, or because the majority of their owners or directors are tax resident in Spain, or because most of their income is obtained there.<\/p>\n<p><strong>Direct access to public information<\/strong> on the beneficial owners of companies, partnerships, legal persons and foundations, as well as to public and non-public information on trusts, is envisaged. Similarly, in accordance with the Directive on the prevention of money laundering, the agreement provides for free and <strong>direct access to Gibraltar Companies Registry entries<\/strong>.<\/p>\n<p>To ensure future exchanges of information and deter fraudsters, <strong>Spain has been inspired by the model France has with Monaco<\/strong>. The foreign affairs negotiators have used this French scheme as a basis, which they consider to be very protective, and have made it stricter for Gibraltar, according to their interpretation.<\/p>\n<p>After Brexit, this tax treaty remains &#8220;equally useful&#8221;, according to the Spanish government, <em>&#8220;as it ensures Spain a high degree of cooperation from the competent tax authorities when EU law ceases to apply in Gibraltar&#8221;<\/em>.<\/p>\n<div class=\"cyp_post_formulario\"><h2>Contact Us<\/h2>\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f3074-o1\" lang=\"es-ES\" dir=\"ltr\" data-wpcf7-id=\"3074\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/en\/wp-json\/wp\/v2\/posts\/9458#wpcf7-f3074-o1\" method=\"post\" class=\"wpcf7-form init wpcf7-acceptance-as-validation\" aria-label=\"Formulario de contacto\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"3074\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.5\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"es_ES\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f3074-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"campo_nombre\" style=\"width:100%\"> <span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required datos-contacto2\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Name\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span><\/div>\n<div class=\"campo_telefono\" style=\"width:100%\"> <span class=\"wpcf7-form-control-wrap\" data-name=\"your-phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel datos-contacto2\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone\" value=\"\" type=\"tel\" name=\"your-phone\" \/><\/span><\/div>\n<div class=\"campo_email\" style=\"width:100%\"> <span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email datos-contacto2\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span><\/div>\n<div class=\"campo_asunto\" style=\"width:100%\"> <span class=\"wpcf7-form-control-wrap\" data-name=\"your-asunto\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required datos-contacto2\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Subject\" value=\"\" type=\"text\" name=\"your-asunto\" \/><\/span><\/div>\n<div class=\"campo_mensaje\" style=\"width:100%\"> <span class=\"wpcf7-form-control-wrap\" data-name=\"your-mensaje\"><textarea cols=\"40\" rows=\"10\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required datos-contacto2\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Message\" name=\"your-mensaje\"><\/textarea><\/span><\/div>\n<input class=\"wpcf7-form-control wpcf7-hidden\" value=\"\" type=\"hidden\" name=\"cyp_form_url\" \/>\n<input class=\"wpcf7-form-control wpcf7-hidden\" value=\"cyp_zonaweb\" type=\"hidden\" name=\"zonaweb\" \/>\n<span class=\"wpcf7-form-control-wrap recaptcha\" data-name=\"recaptcha\"><span data-sitekey=\"6LfbCuUpAAAAAGu5f0__hms_y9Kscc_NCNdDGnEJ\" class=\"wpcf7-form-control wpcf7-recaptcha g-recaptcha\"><\/span>\r\n<noscript>\r\n\t<div class=\"grecaptcha-noscript\">\r\n\t\t<iframe loading=\"lazy\" src=\"https:\/\/www.google.com\/recaptcha\/api\/fallback?k=6LfbCuUpAAAAAGu5f0__hms_y9Kscc_NCNdDGnEJ\" frameborder=\"0\" scrolling=\"no\" width=\"310\" height=\"430\">\r\n\t\t<\/iframe>\r\n\t\t<textarea name=\"g-recaptcha-response\" rows=\"3\" cols=\"40\" placeholder=\"Aqu\u00ed la respuesta de reCAPTCHA\">\r\n\t\t<\/textarea>\r\n\t<\/div>\r\n<\/noscript>\r\n<\/span>\n<div style=\"width:100%\">\n<p class=\"form-input-check\" style=\"color:#444444 !important;padding:0px !important;margin:0px !important;font-size:12px !important;margin-bottom:15px !important\">\nBy clicking on \"Send\" you accept our <a href=\"https:\/\/letslaw.es\/en\/privacy-policy\/\" target=\"_blank\">Privacy Policy<\/a> - 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