Gibraltar — Transaction tax goods

Gibraltar introduced a new Transaction Tax on goods under its EU customs-union arrangement - a levy on the cost price of goods imported or manufactured for sale (not a retail sales tax). The standard transitional rate is 15% in year one, rising to 16% and then aligning with the lowest EU VAT rate; a 5% reduced rate and a 0% super-reduced rate (food, water, pharmaceuticals, books, medical equipment, solar panels, bunkering fuel) apply. In force since 10 April 2026; HM Government of Gibraltar issued a July 2026 clarification that the tax is a cost-price import levy, not a 15% retail price rise.