Gibraltar: New information return requirements | KPMG | QA

Gibraltar: New information return requirements, companies declaring dividends

Gibraltar: New information return requirements

New statutory provisions in Gibraltar revise the filing obligations of companies incorporated in Gibraltar that declare dividends.


Related content

For accounting periods ending on or after 1 January 2016, every company incorporated in Gibraltar (except those that are listed on a “recognised stock exchange”) that declares a dividend must file a return within nine months after the end of the accounting period in which the dividend was declared. 

Additionally, companies declaring dividends in favour of shareholders who are ordinarily residents in Gibraltar or to another company incorporated in Gibraltar must provide these shareholders with information about the amount of tax credit and the “dividend entitlement divided” between that part paid out of profits chargeable to tax in Gibraltar and that part paid out of profits not chargeable to tax. This information also must be provided within nine months of the end of the accounting period in which the dividend was declared.   

When companies were formerly deemed to have paid dividends from their taxable profits or reserves before other profits or reserves, dividends declared under the new rules will be deemed to have been distributed proportionally from profits chargeable to tax and profits not so chargeable to tax. 


Read a January 2016 report [PDF 57 KB] prepared by the KPMG member firm in Gibraltar: Changes to the Gibraltar Income Tax Act 2010: Returns in respect of dividends

© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal