The income tax treaty between Iceland and Japan entered into force on 31 October 2018. The treaty, signed 15 January 2018, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Icelandic income taxes to the state, income tax to the municipalities, and the special hydrocarbon tax. It covers Japanese income tax, corporation tax, special income tax for reconstruction, local corporation tax, and local inhabitant taxes.
Residence
If a company is considered resid…