Chamber 'expects lower tax on some goods under treaty deal'

Treaty | 19th June 2025, 20:22 | Published by GBC News

 

As local businesses and workers digest the possible changes resulting from last week's treaty deal, the Chamber of Commerce expects some goods will attract a lower transaction tax than the treaty agreement's headline rate of 17 percent.

On Gibraltar Today, Unite the Union's Christian Duo said the main concern for his members is how the cost of living will be affected.

Chamber President John Isola believes the proposed transaction tax could mirror a similar system to the EU.  

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The Chamber of Commerce has set up an email address for businesses with any concerns they may want to put to the Government.

UKEUTREATY@GIBRALTARCHAMBEROFCOMMERCE.COM