Name of the Organization : Income Tax Office
Type of Facility : Tax Refund Via Bank Transfer
Country : Gibraltar
Website : https://www.gibraltar.gov.gi/new/report-changes
Bank Authority Form: https://www.statusin.org/uploads/7096-Tax%20Refund%20%28requirements%20for%20bank%20transfer%20%28BANK%20AUTHORITY%20FORM%20NEW%20VERSION%29.pdf
Tax Refund Via Bank Transfer :
Income Tax refunds can be credited directly to your bank account.
To enable us to do this please complete the Bank Authority Form that can be found on the reverse of this letter.
To avoid delays, you are kindly requested to read the instructions below before you return this form.
Related : Civil Status & Registration Office Gibraltar Visa Application : www.statusin.org/8768.html
This form is divided into 3 sections as follows:
** Section A – Personal details
** Section B – Bank Details
** Section C – Signature
Sections A and C is to be completed by ALL individuals.
Gibraltar & UK banks complete Section B parts 1 & 2.
International Money Transfers within Europe & Hong Kong complete Section B Parts 1 & 3.
International Money Transfers for the rest of the world (excluding Hong Kong) complete Section B. Parts 1, 3 & 4.
Please note that for ALL International Money Transfers, charges may be applied.
Should your bank account details change in the future or if you need further assistance you can contact us on the address below or by email itobacs AT gibraltar.gov.gi
HM Government of Gibraltar
Ministry of Finance
Income Tax Office
Accounts Section
St. Jago’s Stone Block
331 Main Street
Gibraltar
Authority Form needs to be fully completed, signed and returned to the address above.
FAQ :
Q. What do I have to do if I’m leaving Gibraltar?
A. If you are leaving Gibraltar permanently or indefinitely, please complete the Claim for final assessment form and submit this to the Income Tax Office together with Part 1 the P7A (Details of employee leaving work) from your last employer.
Q. What is a Benefit-in-Kind (B-i-K) and how does it affect my tax position?
A. A Benefit in Kind is something provided to an employee by his/her employer at no cost to the former, which either has, or is capable of having, a monetary value. This value will be included as part of your taxable income at assessment time, and could increase your tax liability.
However the first £250 worths of benefits will be tax exempt. Taxpayers on the Allowance Based System can opt to have their tax code adjusted by the value of the B-i-K received. Alternatively, you can opt to add the value of any B-i-K received to your declared salary or wages. This will result in the benefit being taxed at source.
Q. Can my employer opt to pay the tax due on my Benefit-in-Kind on my behalf?
A. Yes. Your employer can opt to pay the tax due on any benefits provided by him/her on behalf of his/her employees.
Q. My employers pays part of my pension contributions. Is this a Benefit-in-Kind?
A. ** Contributions by your employer to an approved occupational or personal pension scheme are not considered to be benefits-in-kind and are, therefore not taxable;
** Contributions by your employer to a retirement annuity contract are considered to be benefits-in-kind and are, therefore, liable to tax.
** For any enquiries please contact us on Tel 200 74924 or email us at paye AT gibraltar.gov.gi
Telephone: (350) 20074923;
Fax: (350) 20051621;
E-mail: itobacs AT gibraltar.gov.gi