High Executives Possessing Specialist Skills (HEPSS)

Employees that possess high executive specialist skill who are able to apply for a special employment tax status (HEPSS) will pay tax only on the first £120,000.00 of gross income per annum which is currently £32,550.

This status is only available to individuals who possess skills not available in Gibraltar and who will occupy a high executive or senior management position, and who will earn more than £120,000.00 per annum of income in Gibraltar.

The applicant must not have been a resident in Gibraltar for thirty six months immediately prior to the year in which the application is made.

The qualifying applicant must require residential accommodation for their exclusive use in Gibraltar and approved by the Finance Centre Director.

The certificate is dependent on the employment of the individual within the same company so any change in employer will immediately cancel the certificate. It is also imperative that the individual maintains a good character that would not be damaging to the reputation of Gibraltar.

NB. For any further information on the HEPSS status log into www.gibraltargov.gi or contact the Finance Centre.