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Iceland: Tax facts for 2020

Iceland: Tax facts for 2020

The tax system for corporations in Iceland 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.


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This and other information is addressed in a KPMG report on the tax system in Iceland for 2020.

Read a 2020 report [PDF 596 KB] prepared by the KPMG member firm in Iceland

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