Páll Jóhannesson on EU tax policy developments and their impact on Iceland in Morgunbladid
In today’s business section of Morgunblaðið, Páll Jóhannesson explores key developments in European Union (EU) tax policies and their significant implications for Iceland, even though Iceland is not an EU member state. The article highlights the following proposals and amendments to EU tax policies:
• Support for small businesses: Domestic SME Scheme and Cross-Border SME Scheme
• Corporate taxation reforms: Business in Europe: Framework for Income Taxation (BEFIT)
• Cross-border operations: Head Office Tax (HOT) system for SMEs
• Withholding tax (WHT) improvements: Faster and Safer Relief of Excess Withholding Taxes (FASTER)
• Transfer pricing consistency: Harmonised rules
Páll emphasises the importance of transparency, strategic foresight, and careful consideration when adopting international regulations, stressing the need to safeguard Iceland’s economic competitiveness while mitigating potential risks.
The article can be read in full on the website of Morgunbladid (Icelandic).
In today’s business section of Morgunblaðið, Páll Jóhannesson explores key developments in European Union (EU) tax policies and their significant implications for Iceland, even though Iceland is not an EU member state. The article highlights the following proposals and amendments to EU tax policies:
• Support for small businesses: Domestic SME Scheme and Cross-Border SME Scheme
• Corporate taxation reforms: Business in Europe: Framework for Income Taxation (BEFIT)
• Cross-border operations: Head Office Tax (HOT) system for SMEs
• Withholding tax (WHT) improvements: Faster and Safer Relief of Excess Withholding Taxes (FASTER)
• Transfer pricing consistency: Harmonised rules
Páll emphasises the importance of transparency, strategic foresight, and careful consideration when adopting international regulations, stressing the need to safeguard Iceland’s economic competitiveness while mitigating potential risks.
The article can be read in full on the website of Morgunbladid (Icelandic).
In today’s business section of Morgunblaðið, Páll Jóhannesson explores key developments in European Union (EU) tax policies and their significant implications for Iceland, even though Iceland is not an EU member state. The article highlights the following proposals and amendments to EU tax policies:
• Support for small businesses: Domestic SME Scheme and Cross-Border SME Scheme
• Corporate taxation reforms: Business in Europe: Framework for Income Taxation (BEFIT)
• Cross-border operations: Head Office Tax (HOT) system for SMEs
• Withholding tax (WHT) improvements: Faster and Safer Relief of Excess Withholding Taxes (FASTER)
• Transfer pricing consistency: Harmonised rules
Páll emphasises the importance of transparency, strategic foresight, and careful consideration when adopting international regulations, stressing the need to safeguard Iceland’s economic competitiveness while mitigating potential risks.
The article can be read in full on the website of Morgunbladid (Icelandic).