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…

Continue Reading