Iceland has reportedly delayed the effective date of the repeal of one of the exemptions from the country's interest deduction limitation rules. The rules were introduced from 1 January 2017 with a general limitation on the deduction of related-party debt expense equal to 30% of EBITDA with certain exemptions, including when the lender is tax resident in Iceland. The resident lender exemption was repealed in June 2017 with an intended effective date of 1 January 2018. However, the repeal of t…