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Gibraltar must recover €100m in illegal state aid

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Following a state aid investigation begun in 2013, the European Commission has concluded that Gibraltar’s corporate tax exemption regime for interest and royalties and five tax rulings, also involving interest and royalties, broke EU state aid rules between 2011 and 2013. The Commission estimates the unpaid tax Gibraltar must now recover from the companies concerned amounts to around €100m.

The non-confidential version of the decision will be made available under the case number SA.34914 in the state aid register on the Commission’s competition website once any confidentiality issues have been resolved.

See bit.ly/2SctxX9.

Issue: 1426
Categories: News , International taxes
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