Gibraltar has published the implementing regulations for the hybrid mismatch rules and exit tax rules of the EU Anti-Tax Avoidance Directive. The Regulations came into operation on 1 January 2020 and apply in relation to accounting periods commencing on or after 1 January 2020.
Hybrid Mismatch Rules
The Income Tax (Amendment No. 2) Regulations 2020 provide for the implementation of hybrid mismatch rules of the EU Anti-Tax Avoidance Directive as amended (ATAD2). The hybrid mismatch rules o…