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Iceland to Introduce New Kilometer-Based Tax on Clean Energy Vehicles

|Proposed Changes|Iceland
Iceland

Iceland's Ministry of Finance and Economy has published a draft bill for consultation on the introduction of a new kilometer-based tax on clean energy (electric and hydrogen) and plug-in hybrid vehicles. The new tax is meant to address the decreasing tax revenue caused by the popularity of eco-friendly cars and ensure funding for road construction and maintenance. The proposed tax rate is ISK …

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