OrbitaxOrbitax

Iceland Planning to Introduce Cultural Contribution Tax on Streaming Service Providers

|Proposed Changes|Iceland
Iceland

As part of the country's Budget for 2025, Iceland's government is planning to introduce a cultural contribution tax on streaming service providers. The tax would be levied at a rate of up to 5% on subscription fees derived by streaming service providers from Iceland. However, an exemption from the tax would be provided for streaming service providers that invest in qualifying domestic audio and…