Iceland delays VAT payments to 2021 for coronavirus
- Mar 24, 2020 | Richard Asquith
Iceland has announced Value Added Tax payment postponements to help businesses during the COVID-19 crisis. Companies will be able to apply for deferment of tax and VAT until 2021. Hotel taxes will be abolished until the end of 2021.
VAT reimbursement for construction and maintenance work will increased from 60% to 100%. In addition, the VAT reimbursement provision will be extended to the third sector organisations including charities and sports associations.
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