Offshore Company Registration - Incorporation Offshore Companies : SFM Offshore

GIBRALTAR- Gibraltar Government declares end to tax haven status
Wednesday, 23 June 2010
The government of Gibraltar said on Wednesday will next year bring into force a new Income Tax Act that is said will end the distinction between onshore and offshore business. Under new legislation, the historic tax exempt company regime will be abolished and all companies will pay 10% corporation tax, a reduction from the current standard rate of 22%.