Iceland Tax News
Report on Attribution of Profits to PEs released
Treaty between Iceland and Malta enters into force
Treaty between Iceland and Hungary enters into force
Treaty between Iceland and United States – negotiations concluded
Treaty between Greece and Iceland signed
Iceland and Hungary signed a first-time income tax treaty on 23 November 2005. Further details of the treaty will be reported subsequently.
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
Effective as of 9 June 2005, the Corporate Income Tax Act is amended in respect of the definition of residence of limited liability companies.
Austria initialled a first-time tax treaty with Iceland on 6 May 2005. Further details are not yet available.
Iceland and Mexico initialled a first-time income tax treaty on 7 April 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.
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