Iceland's government announced a package of stability measures on 12 October 2020 that have been presented in parliament together with the budget proposal and fiscal plan. The measures include the following:
---
1. Extension of "Back to Work" initiative
The Government has decided that 100% reimbursement of value-added tax on labour, under the "Back to Work" campaign, will be extended through end-2021. The estimated cost of the reimbursements is roughly ISK 8bn.
2. Temporary payroll tax…