Iceland Parliament Passes Bill to Amend VAT Exemptions on Green Vehicles, Charging Station Installation

The Icelandic Parliament (Althingi) Dec. 17 passed a bill to amend VAT exemptions on a progressive basis for taxable sales of electric, hydrogen, and hybrid vehicles. The bill includes measures that would provide progressive exemptions on: 1) electric and hydrogen vehicles through Dec. 31, 2023; 2) hybrid vehicles through Dec. 31, 2022; and 3) electric or hydrogen motorcycles through Dec. 31, 2023. The bill also would provide for a 100 percent VAT exemption on construction and labor costs related to the installation of car charging stations on residential property. [Iceland, Althingi, 12/17/19]

Reference:
View Bill No. 815/2019. View Legislative ...