Iceland Tax News

Denmark Approves Pending Tax Treaties with Armenia and Japan and Pending Protocols to the Tax Treaty with the Netherlands and the Nordic Tax Treaty
Nov 20, 2018
Finland Approves Pending Protocol to Nordic Tax Treaty
Nov 14, 2018
Tax Treaty between Iceland and Japan has Entered into Force
Nov 01, 2018
World Customs Organization Publishes Updated Guide to Customs Valuation and Transfer Pricing
Sep 11, 2018
Protocol to Nordic Tax Treaty Signed Including BEPS-Related Amendments
Sep 04, 2018
Japan Parliament Approves Pending Tax Treaties with Denmark, Estonia, Iceland, Lithuania, and Russia
Jul 30, 2018
Finland to Sign Amending Protocol to Nordic Tax Treaty
Jul 19, 2018
Iceland Parliament Approves Bill on PE Joint Taxation and Losses and VAT Registration for Foreign Suppliers
Jun 19, 2018
Danish Tax Board Holds Nature of Employee's Activities and Not the Authority to Conclude Contracts is Decisive Factor in Existence of a PE
May 25, 2018
Iceland Increased Withholding Tax Rates 2018
Jan 31, 2018
Tax Treaty between Iceland and Japan Signed
Jan 18, 2018
Iceland Publishes CbC Notification Form
Jan 17, 2018
Mutual Assistance and Information Exchange Agreement between Iceland and Latvia Signed
Jan 17, 2018
Iceland Delays Repeal of Resident Lender Exemption for Interest Deduction Rules
Jan 10, 2018
Iceland Budget Measures for 2018 Approved
Jan 09, 2018
Iceland Budget Proposals for 2018 include Increased Capital Gains Tax
Dec 20, 2017
Protocol to Tax Treaty between Belgium and Iceland in Force
Nov 20, 2017
Iceland Draft Budget Bill 2018 Submitted to Parliament
Sep 15, 2017
Iceland Repeals Resident Lender Exemption for New Interest Deduction Rules
Jul 12, 2017
Signing Ceremony Held for BEPS Multilateral Instrument
Jun 08, 2017
U.S. Competent Authority Agreements on the Exchange of CbC Reports with Iceland and New Zealand
Jun 02, 2017
Japan Concludes Tax Treaty Negotiations with Iceland
May 31, 2017
Tax Treaty between Iceland and Japan under Negotiation
May 18, 2017
Iceland To Expand Scope of Joint Taxation and Interest Deduction Limitation
Apr 11, 2017
Iceland Publishes Fiscal Plan for 2018-2020 including VAT Reforms
Apr 04, 2017
Iceland Lifts Capital Controls
Mar 15, 2017
Iceland and the Netherlands Sign MOU on Automatic Exchange of Information
Mar 10, 2017
Tax Treaty between Austria and Iceland to Enter into Force
Feb 27, 2017
Swiss Tax Treaties with Anti-Abuse Provisions
Feb 08, 2017
Singapore Agreements for Exchange of Financial Account Information Enter into Force with Nine Countries
Feb 02, 2017
Swiss Agreements for Automatic Exchange of Financial Account Information in Force with Nine Jurisdictions and the EU
Jan 27, 2017
Tax Treaty between Albania and Iceland in Force
Jan 12, 2017
Iceland Individual Income Tax Changes in 2017
Jan 10, 2017
Iceland Publishes CbC Regulation
Jan 03, 2017
Austria Approves Pending Tax Instruments with Iceland, Liechtenstein, and Switzerland
Dec 28, 2016
Singapore and Iceland Sign Competent Authority Agreement for Exchange of Financial Account Information
Dec 19, 2016
Tax Treaty between Iceland and Liechtenstein to Enter into Force
Nov 30, 2016
Icelandic Parliament Passes Legislation on Measures Countering BEPS
Oct 19, 2016
Liechtenstein Approves Tax Treaties with Andorra, Iceland and the U.A.E.
Aug 29, 2016
Update - Tax Treaty between Austria and Iceland
Aug 29, 2016
Iceland Proposed Legislation for the Liberalization of Capital Controls
Aug 26, 2016
Iceland Finalizing CbC Reporting Requirements
Aug 16, 2016
Update - Tax Treaty between Iceland and Liechtenstein
Jul 22, 2016
Tax Treaty between Austria and Iceland Signed
Jul 21, 2016
Iceland VAT Registration Threshold Increase
Jul 14, 2016
Swiss Federal Council Adopts Dispatch on Automatic Exchange of Tax Information with Eight States and Territories
Jul 08, 2016
82 Countries Committed to Implementation of Four Minimum Standards of OECD BEPS Project under Inclusive Framework
Jul 05, 2016
Tax Treaty between Iceland and Liechtenstein Signed
Jun 30, 2016
Tax Treaty between Iceland and Japan to be Negotiated
Jun 13, 2016
Impact of Protocol to Estonia's Tax Treaty with Switzerland on Other Treaties
Jun 02, 2016
UK Publishes List of Countries Committed to the Exchange of Beneficial Ownership Information
May 17, 2016
Multilateral Agreement for the Exchange of CbC Reports Signed by Canada, China, Iceland, India, Israel and New Zealand
May 13, 2016
Iceland and Liechtenstein Initial Tax Treaty
Apr 22, 2016
TIEA between Iceland and the U.A.E. Signed
Apr 19, 2016
Switzerland Signs Declarations on Automatic Exchange of Information with Guernsey, Iceland, the Isle of Man, Jersey and Norway
Jan 25, 2016
TIEA between Botswana and Iceland has Entered into Force
Jan 12, 2016
TIEA between Brunei and Iceland has Entered into Force
Jan 12, 2016
Tax Treaty between Georgia and Iceland has Entered into Force
Jan 06, 2016
Iceland Adopts 2016 Budget Tax Measures
Jan 04, 2016
Hong Kong TIEAs with Denmark, the Faroe Islands, Iceland and Norway have Entered into Force
Dec 15, 2015
Iceland Planning Amendments to Exit Tax Rules
Dec 01, 2015
New Tax Treaty between Iceland and Switzerland has entered into Force
Nov 30, 2015
OECD Holds Inaugural Meeting for the BEPS Multilateral Instrument
Nov 12, 2015
OECD Publishes Final BEPS Package
Oct 06, 2015
Iceland Issues 2016 Budget Proposal Including Personal Income Tax Cuts
Sep 11, 2015
Iceland Adopts Legislation implementing 39% One-Off Stability Levy on Certain Financial Undertakings
Jul 17, 2015
Switzerland Approves Tax Treaty with Iceland
Jul 01, 2015
Iceland Relaxes Requirements to Prepare Transfer Pricing Documentation
Jun 24, 2015
OECD Announces that Work on the BEPS Multilateral Instrument is Underway
Jun 02, 2015
Tax Treaty between Georgia and Iceland Signed
May 18, 2015
Update - Tax Treaty between Albania and Iceland Signed
Mar 20, 2015
Iceland Individual Income Tax for 2015
Jan 13, 2015
Iceland's New Transfer Pricing Documentation Requirements
Jan 08, 2015
New Tax Treaty between Iceland and the U.K. has Entered into Force
Jan 08, 2015
Tax Treaty between Cyprus and Iceland has Entered into Force
Jan 07, 2015
Iceland Approves Bill Including VAT, and Excise and Commodity Tax Changes Introduced in the 2015 Budget
Dec 22, 2014
Transfer of Assets from an Icelandic Company to its Subsidiary Subject to Capital Gains Tax
Dec 08, 2014
Guatemala signs EFTA-Central America Free Trade Agreement
Nov 28, 2014
FTA between EFTA and Bosnia and Herzegovina to Enter into Force
Nov 17, 2014
Tax Treaty between Cyprus and Iceland Signed
Nov 17, 2014
Multilateral Agreement on Information Exchange Signed by 51 Jurisdictions
Oct 30, 2014
Iceland Issues Draft Transfer Pricing Documentation Rules
Oct 17, 2014
Tax Treaty between Albania and Iceland Signed
Sep 30, 2014
New Investment Incentives Proposed in Iceland
Sep 25, 2014
Iceland's 2015 Budget Includes VAT Rate Adjustments and Suspension of the Commodity Tax
Sep 11, 2014
FTA between Colombia and the EFTA Members Stats of Norway and Iceland Enters into Force.
Sep 04, 2014
A Tax Treaty between Georgia and Iceland to be Negotiated
Aug 28, 2014
TIEA between Hong Kong and Iceland Signed
Aug 25, 2014
Free Trade Agreement Between EFTA and GCC States has Entered into Force
Aug 22, 2014
FTA between EFTA and the SICA States of Costa Rica and Panama to Enter into Force
Aug 15, 2014
UK Ratifies Tax Treaty with Iceland
Jul 18, 2014
New Tax Treaty between Iceland and Switzerland Signed
Jul 11, 2014
Norway has Terminated Nordic Inheritance and Gift Tax Treaty
Jul 03, 2014
Iceland Asked by the EFTA to Reverse Favorable VAT Measures
May 22, 2014
Supreme Court of Iceland: Interest on a loan and carry-forward of losses by acquiring company denied due to lack of real operational purpose
Mar 14, 2014
Specific transfer pricing provisions introduced – details
Feb 01, 2014
Exit tax legislation for cross-border mergers – introduced
Feb 01, 2014
Treaty between Iceland and United Kingdom signed
Dec 31, 2013
Protocol to treaty between Iceland and Poland enters into force
Dec 02, 2013
Treaty between Barbados and Iceland enters into force
Feb 10, 2013
Treaty between Slovenia and Iceland enters into force
Dec 02, 2012
Bill on tax amendments presented to parliament
Oct 23, 2012
Protocol to treaty between Poland and Iceland – details
Sep 03, 2012
Treaty between Croatia and Iceland enters into force
Mar 04, 2012
Bill on tax amendments presented to parliament
Dec 22, 2011
Protocol to treaty between Luxembourg and Iceland enters into force
Mar 30, 2011
Budget Bill for 2011 presented to parliament
Nov 27, 2010
Treaty between Iceland and Korea (Rep.) – details
May 25, 2010
Budget for 2010 – original and subsequent proposals approved
Apr 26, 2010
Government proposes tax changes in relation to Budget Bill for 2010 – direct taxation
Jan 20, 2010
Treaty between Iceland and India – details
Aug 13, 2009
Exchange of information agreement between British Virgin Islands and Iceland signed
Jun 07, 2009
Treaty between Qatar and Iceland initialled
Jun 07, 2009
Four agreements between Bermuda and Iceland signed
May 13, 2009
Treaty between Mexico and Iceland – details
Apr 10, 2009
Treaty between Spain and Ireland – Spanish Tax Administration applies dynamic interpretation for "royalties"
Mar 16, 2009
Treaty between Iceland and India enters into force
Feb 22, 2009
Treaty between Iceland and Korea (Rep.) enters into force
Feb 22, 2009
Treaty between Iceland and Mexico enters into force
Feb 22, 2009
Treaty between Iceland and Romania enters into force
Feb 22, 2009
Treaty between Mexico and Iceland ratified
Feb 22, 2009
Treaty between Greece and Iceland enters into force
Jan 23, 2009
Treaty between United States and Iceland enters into force
Jan 23, 2009
Treaty between Iceland and Italy enters into force
Dec 24, 2008
Treaty between Iceland and Ukraine enters into force
Dec 24, 2008
Treaty between Ukraine and Iceland ratified
Nov 04, 2008
Treaty between United States and Iceland ratified
Nov 04, 2008
Treaty between Italy and Iceland ratified
Oct 07, 2008
OECD released 2008 Model Tax Convention
Oct 07, 2008
Treaty between Ukraine and Iceland approved by Ukrainian parliament
Oct 07, 2008
Treaty between Ukraine and Iceland – details
Oct 07, 2008
Discussion draft on New Art. 7 of OECD Model – details
Aug 30, 2008
Treaty between Qatar and Iceland – negotiations
Aug 30, 2008
Treaty between Romania and Iceland ratified
Aug 30, 2008
Treaty between US and Iceland – US Technical Explanation published
Aug 30, 2008
OECD Council approves 2008 Model Tax Convention
Aug 11, 2008
Major amendments to Income Tax Act enacted
Jul 27, 2008
Comments on draft contents of 2008 update to Model Tax Convention published
Jul 27, 2008
Treaty between Bulgaria and Iceland initialled
Jul 27, 2008
Treaty between Iceland and Korea (Rep.) signed
Jun 21, 2008
Treaty between US and Iceland – referred to US Senate Committee on Foreign Relations
Jun 21, 2008
Draft of 2008 Model Tax Convention – Proposed changes to Commentary to Art. 12 (definition of royalties)
Jun 21, 2008
Treaty between Romania and Iceland – details
May 14, 2008
Treaty between Iceland and Mexico signed
Apr 15, 2008
Treaty between Romania and Iceland signed
Apr 15, 2008
OECD released discussion draft on transactional profit methods
Feb 08, 2008
Treaty between Iceland and India signed
Dec 03, 2007
Treaty between Iceland and United States – details
Dec 03, 2007
Treaty between Bulgaria and Iceland – negotiations
Nov 04, 2007
Treaty between Iceland and United States signed
Nov 04, 2007
OECD releases revised draft of Part IV (Insurance) of the Report on Attribution of Profits to Permanent Establishments
Sep 02, 2007
Second Guideline on implications of ECJ Denkavit case on French dividend withholding tax published
Jul 29, 2007
Discussion draft on application and interpretation of non-discrimination article of OECD Model – details
Jun 18, 2007
Iceland
May 28, 2007
Revised Commentary on Article 7 of OECD Model released
May 28, 2007
Final Report on Improving the Resolution of Tax Treaty Disputes
Mar 24, 2007
Report on Attribution of Profits to PEs released
Feb 24, 2007
Treaty between Iceland and Malta enters into force
Feb 24, 2007
Treaty between Iceland and Hungary enters into force
Dec 17, 2006
Treaty between Iceland and United States – negotiations concluded
Nov 12, 2006
Treaty between Greece and Iceland signed
Aug 13, 2006
Iceland and Hungary signed a first-time income tax treaty on 23 November 2005. Further details of the treaty will be reported subsequently.
Jan 01, 2006
Germany and Iceland initialled a new income and capital tax treaty on 6 July 2005. Once in force, the new treaty will generally replace the Germany-Iceland income and capital tax treaty of 18 March 1971. Further details of the treaty will be reported subsequently
Oct 16, 2005
Effective as of 9 June 2005, the Corporate Income Tax Act is amended in respect of the definition of residence of limited liability companies.
Aug 03, 2005
Austria initialled a first-time tax treaty with Iceland on 6 May 2005. Further details are not yet available.
Aug 03, 2005
Iceland and Mexico initialled a first-time income tax treaty on 7 April 2005.
Jun 09, 2005
The first-time income and capital tax treaty between Iceland and Ireland , signed on 17 December 2003, entered into force on 17 December 2004. The new treaty generally applies from 1 January 2005.
Mar 17, 2005