Iceland: Proposed tax reform bill
A draft bill proposing amendments to various tax laws.
Iceland’s Minister of Finance and Economic Affairs in October 2025 introduced a draft bill proposing amendments to various tax laws.
The bill would:
- Extend temporary deductions for share purchases
- Adjust infrastructure tax deadlines
- Secure BREXIT-related child benefit rights
- Introduce obligations for virtual asset service providers
Additional changes include tax exemptions for lottery winnings and an increase in the tax-free income threshold for children.