- Sales Tax differs from VAT according to the Chairman of the Association of Tax Advisors
- Grahame Jackson discussed the potential introduction of a sales tax as part of a treaty with the EU
- He mentioned that sales tax is easier to manage compared to the complex VAT system
- In an interview on Radio Gibraltar, Jackson suggested a sales tax could facilitate a free flowing border
- He noted that Gibraltar’s discounting culture and business record keeping would need adjustments
- Jackson highlighted that most countries have some form of sales tax or indirect tax
- He expressed confidence in Gibraltar’s ability to successfully implement a sales tax system
Source: gbc.gi
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
