Tax Residency App Launch
A new tax residency app called Ovrnite has been launched in Gibraltar to help residents comply with their fiscal obligations arising under the recently passed Tax Treaty with Spain.
Under the new rules, Gibraltar tax residents have to ensure that they comply with the requirements for establishing Gibraltar tax residency, i.e. being present in Gibraltar for 183 days per year.
A spokesperson for Ovrnite commented, “keeping an accurate track of where you spend your days and nights is an extremely important aspect of establishing or maintaining tax residency in Gibraltar and/or avoid tax residency in Spain – this is a common feature of tax residency rules in most jurisdictions. The cross-border lifestyle led by many people that call Gibraltar home, means that we have to be careful to comply with these rules – particularly as “a day” constitutes any time spent in a country – not just a full day. Ovrnite assists Gibraltar tax residents by automatically keeping track of days and nights spent in Gibraltar, Spain and elsewhere”.
Ovrnite also contains a “Schengen Area Tracker” which assists British citizens to keep track of time spent within the Schengen Area. Under current rules, this is capped to 90 days in every 180 days inside the Schengen Area.
The app is available for download in the App Store for iOS devices, and on Google Play.
Meeting With Foreign Secretary
The Chief Minister Fabian Picardo QC MP met with the Foreign Secretary Rt Hon Liz Truss MP during a recent trip to London. He was accompanied by Deputy Chief Minister Dr Joseph Garcia CMG MP and the Attorney General Michael Llamas QC CMG.
The meeting with the Foreign Secretary was positive and it provided an opportunity to review a number of questions including the ongoing negotiations with the EU for a treaty on the future relationship of Gibraltar.
The Chief Minister had been due to meet the Foreign Secretary during the last Conservative Party conference, which he was then unable to attend after testing positive for COVID-19.
Mr Picardo and Dr Garcia arrived in London for a series of meetings and contacts dealing with the UK/EU negotiations.
The Chief Minister said of the visit, “It was great to have a chance to meet in person with Foreign Secretary Truss. We have worked very well together in her time as President of the Board of Trade and have spoken already since she took over from Dominic Raab at the FCDO. Today was a chance to meet face to face and progress our work together on the important issue of the positive, ongoing UK/EU negotiation.”
In a meeting held by the Cross Frontier Group, María del Mar Sanchez took on the Presidency, Julian Risso the Vice Presidency and Manuel Triano the role of Secretary.
The Presidency and Spanish spokesperson lies with the Confederacion de Empresarios de Cadiz, represented by Maria del Mar Sanchez. The Vice- Presidency and Gibraltar spokesperson has been assigned to the GGCA, represented by Julian Risso, whilst Comisiones Obreras (CCOO), represented by Manuel Triano, assumes the role of Secretary.
Additionally, the organisations that compose the Cross Frontier Group accepted the application of the La Linea business organisation, AADELL, to join the group as a full member.
The organisations that make up the Cross Frontier Group shared their concern about the negotiations of the post-Brexit Agreement.
The trade union and business organisations were unanimous in expressing their concern regarding the progress in respect of Gibraltar. They appealed to all the parties involved to lay a framework that meets the needs, aspirations and concerns of the citizens and businesses in the whole area.
As such, iIt was agreed that a letter would be drafted and addressed to all the parties in the negotiation process, namely the European Union, the British Government, the Government of Spain and the HM Government of Gibraltar.