On 9 September 2014, an incentives for investments in Iceland Bill was presented to the Icelandic parliament. The incentives and conditions are similar to those under the Act on incentives for initial investment in Iceland, which expired the end of 2013.
The incentives include:
- A reduced corporate income tax rate of 15%
- A larger depreciation allowance
- 50% reduction of the real estate tax
- 50% reduction of the social security contribution rate
- Customs and excise duties exemption for the im…