Friday, 21 October 2016

European Commission state aid investigation of Gibraltar tax rulings extended

The European Commission announced on 7 October 2016 that it is extending the scope of its ongoing state aid investigation of rulings issued by the Gibraltar tax authorities, which began with a review of the tax ruling procedure, to include a formal investigation of whether the tax ruling system and/or the specific rulings reviewed violate the EU state aid rules. Interested parties are invited to submit comments within one month of the date of publication of the announcement, i.e. by no later than 7 November 2016.

Source & more info: Deloitte