What is a Percentage Calculator?

A percentage calculator solves the most common everyday percentage problems — calculating a discount, working out a pay rise, comparing prices, or figuring out what percentage of a loan you've paid off. This tool offers eight calculation modes so you can always get the right answer without needing to remember formulas.

No VAT in Gibraltar

Gibraltar is one of the few territories in the world with no Value Added Tax (VAT). There is no GST, sales tax, or consumption tax equivalent. This makes Gibraltar a genuinely tax-competitive jurisdiction and a key draw for financial services, online gaming, and crypto businesses. Instead of VAT, Gibraltar raises revenue through income tax and import duties. The "Add Tax / %" and "Remove Tax / %" modes on this calculator can be used for import duties or any other percentage-based surcharges.

The default rate is set to 10% as a reference for import duties — you can change it to any rate that applies to your situation.

Gibraltar Income Tax

Gibraltar operates two income tax systems and residents choose which one to use:

Allowances Based System (ABS): Taxed on actual income after allowances. Rates: 6% on first £10,000; 20% on next £7,000; 28% above £17,000 of taxable income.
Gross Income Based System (GIBS): Fixed rates — 16% on first £25,000; 19% on £25,001–£100,000; 25% above £100,000. Simpler to calculate but may be higher for some.

Example (GIBS): Annual income of £40,000. First £25,000 at 16% = £4,000; next £15,000 at 19% = £2,850. Total tax = £6,850. Effective rate = 6,850 ÷ 40,000 × 100 = 17.1%.

Calculating a Percentage of a Number

Divide the percentage by 100 and multiply by the number. Example: 15% of £500 = (15 ÷ 100) × 500 = £75.

Discount of 25% on goods costing £200: 25% × £200 = £50 saving → final price £150.
Import duty of 12% on electronics worth £1,200: 12% × £1,200 = £144 duty.
Income tax at 16% on first £25,000 income: 16% × £25,000 = £4,000.

Percentage Increase and Decrease

Formula: ((New − Old) ÷ |Old|) × 100.

Property: Gibraltar has very limited housing supply. Apartment bought for £350,000 in 2018, now worth £460,000: ((460,000 − 350,000) ÷ 350,000) × 100 = 31.4% appreciation.

Business revenue: Online gaming company with £2.5m revenue in Year 1, £3.2m in Year 2: ((3.2m − 2.5m) ÷ 2.5m) × 100 = 28% growth.

Gibraltar Specifics

Online Gaming Hub: Over 30 licensed remote gambling operators are based in Gibraltar. No VAT on gaming services makes the effective tax rate much lower than equivalent EU jurisdictions.
Category 2 Individual Tax: High net worth individuals can apply for Category 2 status, paying a fixed tax of between £37,000 and £44,000 per year on all income. An individual with £2m income pays an effective rate of just ~2.2%.
GIP vs GBP: The Gibraltar Pound (GIP) is pegged 1:1 to Sterling (GBP). Prices and calculations can be treated identically.

Frequently Asked Questions

Does Gibraltar have VAT?

No. Gibraltar has no VAT, GST, or sales tax. It is one of the very few jurisdictions in Europe with no consumption tax. Import duties apply on certain goods, but these are not a general sales tax.

How do I calculate Gibraltar income tax?

Use the GIBS rates: 16% on first £25,000, 19% on £25,001–£100,000, 25% above £100,000. Enter your total income, apply the "% of a Number" mode for each bracket, then add them up.

How do I work out a percentage increase?

Use the "Percentage Increase" tab. Enter the original value in "From" and the new value in "To". The result is the increase as a percentage of the original.

Free tool, no sign-up needed. For professional invoicing in Gibraltar: Invoice24 Gibraltar.