Gibraltar or Liechtenstein: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Gibraltar and Liechtenstein weigh about the same on the taxpayer.

Tax Gibraltar Liechtenstein Gap
Corporate income tax headline rate 15% 12.5% +2.5 points
Personal income tax top bracket 28% 2.5% to 22.4% +5.6 points
VAT standard rate 0% 7.7% −7.7 points

Detailed schedules

Corporate income tax

Gibraltar

n/a

Liechtenstein

General regime minimum annual tax of CHF 1,800 12.5%
Multinational groups revenue over €750 M, from 2024 15%

Personal income tax

Gibraltar

Gross income system 6% to 28%, effective rate capped at 25% 28%
System with allowances 14% to 39%, taxpayer chooses least costly system 39%

Liechtenstein

n/a

See the Gibraltar page See the Liechtenstein page