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  • Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/17/2014

Iceland - Tax facts (2014) 

April 17:  The KPMG member firm in Iceland has produced a report that examines the tax system of Iceland.

The Icelandic tax system for corporations is a “classical system.” Companies are subject to income tax on their worldwide income, and economic double taxation may be eliminated by deduction of dividend income from taxable income. Dividends received by individuals and other non-corporate shareholders are taxed at a lower rate than earned income.


Read the 2014 report prepared by the KPMG member firm in Iceland.




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