Icelandic Tax facts 2016 | KPMG | IS

Icelandic Tax facts 2016

Icelandic Tax facts 2016

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-coprorate shareholders are taxed at a lower rate than earned income.

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