On 25 October 2018, Gibraltar published the Income Tax (Tax Rulings) Rules 2018, which sets out the procedure in accordance with which the Commissioner of Income Tax may give rulings at the request of actual or potential taxpayers. In this regard, a tax ruling may be sought in respect of (a) the potential income tax implications of a transaction, or (b) any other matter relating to the practical application of a provision of ITA. A tax ruling may not be sought, however, for the purpose of qu…