Sovereign - Gibraltar

Gibraltar's 2026 Budget lands at a pivotal moment, delivered a week before the UK/EU Treaty is provisionally applied. Record revenue, a rising surplus and a new Transaction Tax mark a real shift in the territory's public finances. From wages and pensions to tax policy and debt management, the direction is clear.

We've pulled together the key highlights in one simple visual.

The Chief Minister’s Budget Speech can be read here: https://eu1.hubs.ly/H0wNbKy0
The draft Estimate of Revenue and Expenditure for 2026/2027 is also available online: https://eu1.hubs.ly/H0wNc090

Thank you to everyone who stopped by our recent free Workplace Pensions Clinic at GFSB!

Throughout the day, our pensions specialists were on hand to answer questions about Gibraltar's Private Sector Pensions Act, helping employers better understand their obligations and the steps needed to become compliant.

If you weren't able to make it, there's still time to get your plans in place. Businesses with 15–50 employees are now within the 90-day registration window, with schemes needing to be registered by 30 September.

If you'd like to discuss your options or have questions about what your business needs to do, we're here to help.

📧 Get in touch at [email protected] and our team will be happy to guide you through the process.

Spain has officially removed Gibraltar from its list of non-cooperative tax jurisdictions, bringing to a close a designation that has stood for 35 years.

The change has now been published in the Spanish Official Gazette (BOE) and is in force.

The decision aligns Spain’s position with Gibraltar’s long-established international standing as a transparent and cooperative financial centre. Gibraltar has been on the OECD white list since 2009 and has never appeared on the EU list of non-cooperative tax jurisdictions.

For businesses and individuals with cross-border interests between Gibraltar and Spain, the change brings welcome clarity and reflects the evolution of Gibraltar’s regulatory framework over recent years.

As Sovereign Group CEO Gerry Kelly commented:
“Spain's decision to formally remove Gibraltar from its list of non-cooperative tax jurisdictions is a welcome and long-overdue recognition of Gibraltar's commitment to international standards of tax transparency and regulatory cooperation.
Gibraltar has consistently demonstrated that it is a well-regulated, responsible international finance centre, and this decision brings Spain’s position into line with that reality.
For businesses, investors and families with interests on both sides of the border, the removal provides greater certainty and reflects the positive progress that has been made in cross-border cooperation in recent years.”