Cyprus: Double Tax Agreement With Iceland Come Into Force

15 January, 2015

The Income Tax Treaty between Cyprus and Iceland entered into force on 23 December 2014 and its provisions apply from 1 January 2015. The treaty was signed on 13 November 2014. Under the treaty, withholding tax on dividend will be 5 % if the

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Cyprus and Iceland sign Double Taxation Agreement

14 November, 2014

The Republic of Cyprus and the Government of Iceland signed a Double Taxation Avoidance Agreement, on 13 November 2014, concerning income and capital. The agreement is based on the OECD Model Convention. By signing this agreement both countries aim

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EFTA and Bosnia-Herzegovina: FTA enters into force

07 November, 2014

The multilateral free trade agreement (FTA) between Bosnia and Herzegovina and EFTA (the European Free Trade Association) states- Iceland, Liechtenstein, Norway and Switzerland signed on 24 June 2013 and the agreement will enter into force for

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Iceland: Released draft regulation on transfer pricing documentation

11 October, 2014

The Icelandic Ministry of Finance released the draft regulation on transfer pricing on 13 October 2014. According to the draft regulation outlining detailed transfer pricing rules was released on 13 October 2014 and when finalized this will apply

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Iceland-Albania: Signed an income tax treaty

29 September, 2014

Iceland and Albania signed an income tax treaty on 26 September 2014. Further details will be reported

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Hong Kong signed exchange of information agreement with Iceland

22 August, 2014

The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of Iceland signed an agreement regarding exchange of information relating to tax matters on 22 August 2014. Under the agreement,

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Free trade agreement between EFTA and Central American states set to enter into force

14 August, 2014

The free trade agreement between EFTA states (European Free Trade Association) - Iceland, Liechtenstein, Norway and Switzerland and the Central American States of Panama and Costa Rica was signed on 24 June 2013 and this agreement will become

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Iceland-United Kingdom: Ratified the tax treaty

17 July, 2014

The income tax treaty between Iceland and United Kingdom (2013) was ratified, (Double taxation relief and International Tax Enforcement of Iceland) by United Kingdom on 16 July 2014.After sanctioned by United Kingdom this new treaty will replace the

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Switzerland-Iceland: Signed Double Taxation Agreement

10 July, 2014

Iceland and Switzerland signed double tax treaty on 10 July 2014 and after July 2014; this new treaty will replace the 1988 treaty between Switzerland and

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Iceland enacted its own transfer pricing legislation

09 March, 2014

Iceland has recently enacted its own transfer pricing legislation, which became effective from January 1, 2014. The transfer pricing rules are now regulated by Article 57 of Act No. 90/2003 on Income Tax based on the arm's length standard. There

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TIEA between Costa Rica and Iceland published in gazette

30 January, 2014

The Costa Rica – Iceland TIEA, 2011 (Law No 9196) was published in the Official Gazette (Gaceta Digital de la Imprenta Nacional) No. 20 of Costa Rica on 29 January 2014. This completes the ratification process on the side of Costa

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United Kingdom and Iceland sign a DTA

19 December, 2013

The United Kingdom and Iceland signed a double taxation agreement (DTA) on December 17,

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Protocol to treaty between Iceland and Poland enters into force

04 November, 2013

The amending treaty protocol signed on 16 May 2012, to the Iceland and Poland Income and Capital Tax Treaty (1998) entered into force on 23 August 2013, . The protocol generally applies from 1 January

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Iceland Releases Tax Changes in 2014 Budget Proposal

31 October, 2013

Iceland’s ministry of finance released the 2014 budget proposals, which include tax cuts for individuals and companies on 1 October 2013. The proposed measures are expected to increase real disposable income by 0.3% in 2014. To narrow the gap

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Income Tax Treaty between Iceland and Slovenia

10 December, 2012

Iceland and Slovenia signed an Income Tax Treaty on 4 May 2011, and the treaty came into force on 11 September 2012. The treaty will be applicable from 1 January 2013. The treaty generally follows the provisions of the OECD Model. The maximum

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Bahamas: TIEAs with Iceland and Greenland have entered into force

23 November, 2012

According to media reports, the tax information exchange agreements (TIEAs) the Bahamas signed with Iceland and Greenland have entered into force and will become effective from January 1,

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TIEA signed between Iceland and San Marino to enter into force

11 October, 2012

According to media reports, the tax information exchange agreement (TIEA) signed between Iceland and San Marino in 2010 will enter into force on November 3,

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