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In tax matters a person is considered an adult the year they turn 16, not the birthday.
Information on COVID-19. Guidelines and recommendations for the public, healthcare professionals, responders, and industry.
A vehicle allowance is a payment made for useing one’s own car for the employer. Such payments are a taxable income, but deductions can be claimed.
Information about Human Papilloma Virus (HPV)
Property owners can utilize private pension savings tax-free for property purchases or to pay down a loan.
When importing vehicles that are subject to registration, import charges must be paid, such as excise duty, value-added tax (VAT), and the recycling fee.
It is permitted to temporarily import a vehicle with foreign registration plates into Iceland. In certain cases, import charges may be reduced or fully waived.
Travelers may bring a reasonable quantity of goods such as shopping items, gifts, alcohol and tobacco without paying import charges, provided conditions are met