Tax & SI Changes For 2009

The Chief Minister announced a number of new tax and social insurance changes in his annual budget speech in the Gibraltar Parliament on Thursday 25th June 2009. A full transcript of the speech is available here.

 

 

Social Insurance rates have increased 4%. There have been a number of minor reductions in Tax, in particular new rates for people earning under £25k to offer them the incentive to switch to the Gross Income Based (GIB) tax system.

 

The Government will be issuing a new tax book containing the latest changes via mail to employers. Employers have been advised that until this book has been received they can deduct tax at the previous rate.

We are pleased to announce that these new tax and social insurance changes have now been incorporated into EasyPay 9.03.
We recommend that all employers upgrade ASAP to allow their employees to take advantage of the new tax / SI changes. After upgrading,  EasyPay will apply these new rates to all payslips dated after 1 July 2009.

For more details on performing an automatic or manual upgrade, please visit the support section of this website. Alternatively please contact your EasyPay reseller for more information.