Iceland News

EFTA States' Tax Rulings Receive The All-Clear

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

The EFTA Surveillance Authority has closed its investigations into the tax ruling practices of Iceland, Liechtenstein, and Norway, without finding any evidence of state aid infringements. Read Full Story

OECD Releases 2020 Tax Trends Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story

BEPS Changes To Nordic Double Tax Agreement To Take Effect

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

The double tax agreement between the Nordic countries will be updated with new anti-tax base erosion and profit shifting provisions with effect from January 1, 2020. Read Full Story

Switzerland, EU To Link Emissions Trading Systems

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

Switzerland and the EU are to link their emissions trading systems from next year, after the Swiss Federal Council approved revisions to the country's Ordinance on the Reduction of CO2 Emissions. Read Full Story

EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story

Switzerland Approves FTA With Indonesia

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has issued a dispatch on the Comprehensive Economic Partnership Agreement between the European Free Trade Association states and Indonesia. Read Full Story

Switzerland Consults On Linking With EU Emissions System

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 26, 2019

The Swiss Federal Council is consulting on proposed changes to the CO2 Ordinance, which would link the Swiss and EU emissions trading systems. Read Full Story

EFTA States, Indonesia Ink Trade Deal

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods. Read Full Story

OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 7, 2018

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Read Full Story

Swiss Government Signs Off On Tax, Trade Issues

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 30, 2018

Switzerland's Government has recently decided on a number of trade matters and reviewed its plans for changes to how it administers vehicle taxes. Read Full Story

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