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Introduction | Information GIBRALTAR Gibraltar’s bold plans to be the first in the field with zero tax have foundered with rejection of the proposals by the EU Commission who believe they contravene the state aid rules. The Commission felt that Gibraltar should be treated as part of the UK and as such this gave Gibraltar an unfair tax advantages over the UK. The Commission also thought that the payroll tax and property occupation tax proposed could only apply to local companies so that non-resident companies would still have a tax advantage. "The Commission suggests that Gibraltar develop a real economy with real companies that create real employment. The Commission already approved such regional development schemes for the Azores and the Canary Islands in the past." Gibraltar is very dependent on its financial sector which employs about one-third of the population. Government sources say that this “amounts to a decision that Gibraltar is not entitled to have a different tax system from the UK”. Notice has been given that the decision will be appealed to the European Court of Justice. The United Kingdom is likely to join Gibraltar in this action. The UK is reluctant for matters to proceed down the regional development scheme route as this may give momentum to devolution aspirations within the UK. In the meantime, tax-exempt certificates continue to be issued and the current tax-exempt system in all respects remains unaffected. Incorporation Datasheet