Spain removes Gibraltar from its tax haven blacklist

Published on

28/06/2026 - 11:52 GMT+2

Spain has officially removed Gibraltar from its list of non-cooperative tax jurisdictions after 35 years, according to a ministerial order published on Saturday in the Official State Gazette (PDF (source in Spanish)). The decision confirms something that had been on the table for years: Spain no longer considers Gibraltar a tax haven, alongside Barbados, Dominica, Samoa, Seychelles, and Trinidad and Tobago.

The decision is underpinned by technical criteria, not by diplomatic gestures. Gibraltar signed a bilateral agreement on tax cooperation with Spain in 2019, which came into force in March 2021, and its implementation has been deemed satisfactory.

The Spanish Ministry of Finance stresses that Gibraltar is part of the Global Forum on Transparency and Exchange of Information for Tax Purposes and that it no longer operates a low- or zero-tax regime under OECD standards. The territory also takes part in the Inclusive Framework on BEPS and has ratified Pillar Two, the OECD agreement that sets a 15% global minimum tax for multinationals.