On 2 September 2019, Iceland's parliament approved Bill 2072, which changes the rules for the taxation of copyright income of creators and other beneficiaries. The Bill amends the Income Tax Act and the Act on Withholding Tax on Capital Income to provide the payments to author's and/or other persons who are beneficiaries for copyrighted works shall be regarded as capital income without any deduction. With the change, income from copyrighted material paid to authors/beneficiaries or their age…