Gibraltar Budget 2017 Delivered

On 26 June 2017, Gibraltar's Chief Minister Fabian Picardo delivered the Budget Address 2017. The tax-related measures of the Budget are relatively limited and include:

• An increase in the individual income tax threshold from GIP 11,050 to GIP 11,150 from 1 July 2017 for taxpayers in both the allowance based system and the gross income based system;
• Increases in individual income tax allowances, including an increase in the standard personal allowance from GIP 3,215 to GIP 3,300 from 1 July 2…