Iceland | Removes Fiscal Rep Requirement for Certain Non-resident Business Registrations

By |March 25th, 2019|

Last year, we reported that in keeping with the destination principle, Iceland had made changes to the VAT treatment applicable to certain acquisitions of cross-border services effective from 1st January 2019. The effect of this has been that certain foreign suppliers have now become liable to register for Icelandic VAT. [...]

Iceland | Changes to VAT Act Including 11% VAT Rate for Digital Magazines and Newspapers from 1st July 2018

By |July 13th, 2018|

The Icelandic Parliament has recently adopted Amending Act 1202 which provides (amongst other changes to the VAT Act) that as of 1st July 2018, supplies of sales and subscriptions of digital magazines and newspapers will be taxed at the reduced 11% VAT rate, currently enjoyed by their printed counterparts. Before [...]

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