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Government Announces Changes To Fishing Fees
On March 25, Minister of Industries and Liberal MP Hanna Katrín Friðriksson and Finance Minister Daði Már Kristófersson announced changes to the current fishing fees, RÚV reports. In a press meeting, the ministers claimed that last year’s fishing fees accrued ten billion…
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Iceland Revenue And Customs Authority Warns Against Phishing Scam
Iceland Revenue and Customs warns the public about internet scams — phishing — in its name. The institution posted the public announcement on their website. People have received fraudulent emails from the impersonator since January. The practice aims to manipulate the…
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Tariff On Imported Pizza Cheese Upheld By Reykjavík District Court
A conclusion was reached by Reykjavík District Court on February 17 regarding the application of a 30% tariff on imported pizza cheese. According to the verdict, the gooey topping is subject to the extra tax, RÚV reports. With the ruling, the district…
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Tax Evasion Case Against Jónsi Dismissed
Icelandic band Sigur Rós was accused of tax evasion in 2018, which the band denied, stating that it was a misunderstanding. The public prosecutor pursued charges of tax fraud against the band’s lead singer, Jónsi, while charges against other members were dropped.…
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Tax Evasion Case To Continue Against Jónsi
In 2018, members of Sigur Rós were accused of tax evasion. The band denied all accusations, saying this must have been a misunderstanding. Earlier this week, it became known that the public prosecutor will proceed with the charges of tax fraud against…
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Tax On Sweets May Be Raised By 20 Percent
The working group for the Minister of Health has submitted a proposal for the raising of taxes on sweets, RUV reports. The working group was formed to formulate proposals on how to use financial incentives to promote public health. Their latest suggestion…
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Environment Minister Open To Airplane Carbon Tax On Fares
Minister for the Environment Guðmundur Ingi Guðbrandsson is eager to explore every option when it comes to responding to the climate crisis, RÚV reports. Amongst the ideas he is considering is enacting a carbon tax on airfares that are adjusted according to…
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Iceland Eliminates “Pink Tax”
Health care products that are specifically for people with uteruses have been taken down a tax bracket, effectively eliminating the “pink tax”, Vísir reports. The law, which was voted into approval last June, goes into effect now. As such, the VAT on…
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“Sugar Tax” Possibly On The Horizon In Iceland
After previous attempts led to lukewarm results, the Directorate of Health is taking another stab at a sugar tax, which could be at 20% or higher. Calls for a sugar tax go way back. According to a Directorate of Health report from…
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Finance Minister Releases Tax Information To Public
Numerous party leaders have made their financial information public, and the Finance Minister has now joined those ranks. The ongoing Panama Papers story has raised many questions about the financial activities of Iceland’s political leadership. This is especially the case as Iceland’s…
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Five In Custody For Tax And Accounting Offenses
A major operation is underway that has targeted 11 locations for tax and accounting fraud, with multiple arrests. RÚV reports that five people are in custody after a major police operation was launched Tuesday morning. Nine arrests were made in all, and…
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Imported Snacks To Be Toll-Free After All
Imported snacks will no longer be saddled with a 59% toll fee, parliament has resolved, despite reported protestations from the domestic snack industry. RÚV reports that with the toll now stricken from the law, Icelandic consumers will now be able to buy…
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Parliament Caves Under Pressure From Snacks Industry
A parliamentary committee has given in to pressure from the domestic snacks industry and dropped a roll-back on tolls for imported snacks. Vísir reports that the majority of the Economic Affairs and Trade Committee had originally recommended to abolish the 59% tax…
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Customs Tax On Tampons And Pads Probably To Be Lifted
The Economic Affairs and Trade Committee has recommended that customs fees on pads and tampons be abolished, amongst other changes to the tax code. RÚV reports that the committee majority recommends the change go into effect on and from January 1. They…
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MP To Finance Minister: “Why Is My Vagina Being Taxed?”
An MP for Bright Future pointed out to the Minister of Finance that some changes made to the tax code appear to be on par with gender-based discrimination. Vísir reports that Bright Future MP Heiða Kristín Helgadóttir addressed parliament today on the…
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So What’s This I Keep Hearing About Rising Inequality in Iceland?
There are many reasons for rising inequality in the world, but in Iceland the main cause is simple. The current right-wing government has lowered taxes affecting the rich. To illustrate this, let us pick an example at random: the wealthy Mr. Sigmundur…
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Ólafur Arnalds: “Customs Essentially Telling Us To Fake A Receipt”
Musician Ólafur Arnalds has been unable to pick up a painting, gifted by a friend and sent to Iceland via mail, from the customs office , because an official receipt for the work does not exist, reports Vísir. As the painting was…
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Government To Charge For Iceland’s Nature
With the annual turnover of overseas visitors set to break the one million mark for the first time this year, Icelandic politicians, companies and citizens have long been considering how best to cope with growing pains connected to the country’s tourism explosion. The problem…
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Finance Minister Defends Raising Food Tax
Minister of Finance Bjarni Benediktsson says it is “out of the question” that there will be any changes to his controversial food tax bill. RÚV reports that Bjarni dismissed any criticism of his new food bill, saying that the Ministry was not…
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Directorate Of Health Wants Junk Food Tax
The Directorate of Health wants to see taxes increased on candy and soda, and decreased on fruits, vegetables and fish. MBL reports that the Directorate has grave concerns about the eating habits of Icelanders, and are particularly worried about a government proposal…