Iceland's parliament reportedly approved the Budget for 2019 on 7 December 2018. The tax-related measures of the law are mainly in relation to the individual income tax and the general social security (payroll) tax. With respect to individual income tax, the law provides that adjustments in the lower/upper individual income tax bracket threshold will no longer be based on the wage index but will instead be based on the consumer price index from 2019. With respect to general social security ta…