Iceland Publishes Draft Bill Including Temporary Social Security Contribution Reduction and Other Changes
Iceland's Ministry of Finance and Economic Affairs has published a draft bill on amendments to various tax laws and fees. One of the main measures is a temporary reduction in the general social security contribution rate for 2021 from 4.90% to 4.65%. Other measures include the exclusion of government subsidies for certain domestic transport for individual income tax purposes, the introduction …
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