Iceland: Implementation of capital gains tax on equities
Further to our Announcement A12091, dated 2 May 2012, and effective 1 April 2013, amended Icelandic tax law will implement capital gains tax on equities transactions.
The capital gains on equities transactions will be calculated on trade price and will be taxable at the standard rate of 20% and 18% for non-resident legal entities.
Not all details are yet available, but we continue to monitor the Icelandic market for any new developments and will provide more information as it becomes available.
| This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |