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Daily Tax Report: International

Iceland Government Proposes Higher Capital Income Tax Threshold

Nov. 25, 2020, 4:46 PM

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...

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