Iceland’s government wants to raise the capital income tax threshold to encourage more people to invest in the stock market.
According to a bill due to be submitted to parliament “soon,” the threshold for individuals will be raised to 300,000 kronur ($2,200), from 150,000 kronur, the Finance Ministry said in a statement. The bill also aims to widen the types of incomes included in the threshold, to dividends and capital gains.
“It is hoped that this change will make the stock market a more attractive investment option” for the general public, the ministry said.
In 2018, the government raised...