On 19 December 2023, Iceland published Notice 1525/2023 in the Official Gazette. The notice stipulates that the CbC report notification for the 2023 fiscal year must be submitted within one month from the year’s end (by 31 January 2024, for the calendar year). Additionally, the Notice specifies that the notification should be submitted by sending form RSK 4.31 to milliverdlagning@skatturinn.is.
Related Posts
Iceland approves budget bill for 2025
November 21, 2024
Iceland’s Budget Committee submitted the proposed amendments to the 2025 Budget on 15 November 2024 following its second parliamentary debate. The parliament approved the proposed amendments, incorporating them into the bill for the final round
Read More
Iceland proposes mileage tax on fossil fuel cars, doubles carbon tax
October 28, 2024
Iceland’s Ministry of Finance and Economic Affairs submitted a bill to parliament on 22 October 2024 proposing introducing a mileage tax on fossil fuel-powered vehicles. The bill aims to eliminate excise duties on fuels and vehicles while
Read More Iceland consults tax law and excise duty changes
October 23, 2024
Iceland’s Finance and Economic Affairs Minister has proposed a draft bill for public consultation on 15 October 2024, putting forward various taxes and duties on lodging, VAT, income, state treasury income, public tax collection, alcohol, tobacco,
Read More
Brazil, Iceland sign tax treaty
October 21, 2024
Brazil and Iceland have signed a new tax treaty on 14 October 2024. The agreement will introduce several key provisions, including a principal purpose test and a limitation on benefits clause. It also addresses fiscally transparent entities,
Read More Iceland consults for 2025 budget bill
September 20, 2024
Iceland’s Budget Committee convened on 16 September 2024 to discuss the 2025 Budget Bill, which is now open for public consultation for comments until 3 October 2024. On 13 September 2024, the 2025 Budget Bill was approved in the parliament
Read More FTA between Iceland, Norway, Switzerland, Liechtenstein and Moldova enters into force
August 14, 2024
The free trade agreement (FTA) between Moldova and the European Free Trade Association (EFTA), which includes Iceland, Liechtenstein, Norway, and Switzerland, will take effect on 1 September, 2024. The agreement between the EFTA member states
Read More