Icelandic Government Announces New Industrial Policy and Action Plan Including Certain Tax Proposals

The Government of Iceland has announced its approval of a new industrial policy, accompanied by an action plan for 2026–2027 containing 35 measures across a range of sectors. The policy represents the country's first comprehensive, long-term strategy designed to shape economic development over the next decade. The main proposed tax-related measures are summarized as follows:

Regulatory Environment for Data Centers

The objective of this measure is to establish a clear regulatory framewor…