Iceland Parliament Considers Bill to Amend Various Laws on Taxes, Fees

The Icelandic Parliament (Althingi) Oct. 22 accepted for consideration Bill No. 307, to amend various laws on taxes and fees. The bill includes measures to: 1) specify that a pension fund is permitted to own up to 35 percent of unit certificates or shares in collective investment funds that only invest in small or medium-sized companies, not exceeding 1 percent of the total assets in each fund; 2) explain that if taxpayers file a court case for the refund of taxes, fees, or fines, they may demand late payment interest from the time the court case was filed; and 3) ...