Tax on Capital Income for Individuals Living Abroad
Individuals living abroad who receive dividends from shares in Icelandic companies are liable to tax on those payments in Iceland. If no double taxation agreement applies, dividends are taxed at 22%.
The table shows the agreed tax rates under double taxation agreements. The columns show the tax rates that apply under different circumstances.
731: Capital gains received by companies and individuals in business
732: Capital gains received by companies and individuals in business and the ownership is at least 25%
733: Capital gains of individuals outside business from shares and they have been resident for previous 3 years in (MT, GE), 5 years in (AL, CY, GB, GL, GR, HU, IR, IT, KR, NL), 6 years (CA) or 2 of last 7 years (BE) in Iceland or 10 years (DK, FI, FO, NO, SE).
734: Capital gains of individuals outside business of shares and conditions of 733 are not met
Tax rates on capital gains based on Double Taxation Agreements
731 | 732 | 733 | 734 | Agreement date | |
|---|---|---|---|---|---|
Albania (AL) | 0 | 0 | 20 | 0 | 1.1.2017 |
Austurríki (AT) | 0 | 0 | 20 | 0 | 1.1.2017 |
Barbados (BB) | 0 | 0 | 0 | 0 | 1.1.2013 |
Belgium (BE) | 0 | 0 | 20 | 0 | 1.1.2004 |
Canada (CA) | 0 | 0 | 20 | 0 | 1.1.1998 |
China (CN) | 0 | 0 | 0 | 0 | 1.1.1998 |
Croatia (HR) | 0 | 0 | 0 | 0 | 1.12.2012 |
Cyprus (CY) | 0 | 0 | 20 | 0 | 1.1.2015 |
Czech Republic (CZ) | 0 | 0 | 0 | 0 | 1.1.2001 |
Denmark (DK) | 0 | 0 | 20 | 0 | 1.1.1998 |
Estonia (EE) | 0 | 0 | 0 | 0 | 1.1.1996 |
Faroe Islands (FO) | 0 | 0 | 20 | 0 | 1.1.1998 |
Finland (FI) | 0 | 0 | 20 | 0 | 1.1.1998 |
France (FR) | 0 | 18 | 0 | 0 | 1.1.1003 |
Georgia (GE) | 0 | 0 | 20 | 0 | 1.1.2016 |
Germany (DE) | 0 | 0 | 0 | 0 | 1.1.1974 |
Greece (GR) | 0 | 0 | 20 | 0 | 1.1.2009 |
Greenland (GL) | 0 | 0 | 20 | 0 | 1.1.2003 |
Hungary (HU) | 0 | 0 | 20 | 0 | 1.1.2007 |
India (IN) | 18 | 0 | 0 | 0 | 1.1.2008 |
Ireland (IE) | 0 | 0 | 20 | 0 | 1.1.2005 |
Italy (IT) | 0 | 0 | 20 | 0 | 1.1.2009 |
Latvia (LV) | 0 | 0 | 0 | 0 | 1.1.1996 |
Liechtenstein (LI) | 0 | 0 | 0 | 0 | 1.1.2017 |
Lithuania (LT) | 0 | 0 | 0 | 0 | 1.1.2000 |
Luxembourg (LU) | 0 | 0 | 0 | 0 | 1.1.2002 |
Malta (MT) | 0 | 0 | 20 | 0 | 1.1.2007 |
Mexico (MX) | 0 | 0 | 0 | 0 | 1.1.2009 |
Netherlands (NL) | 0 | 0 | 20 | 0 | 1.1.1999 |
Norway (NO) | 0 | 0 | 20 | 0 | 1.1.1998 |
Poland (PL) | 0 | 0 | 0 | 0 | 1.1.2000 |
Portugal (PT) | 0 | 0 | 0 | 0 | 1.1.2003 |
Romania (RO) | 0 | 0 | 20 | 0 | 1.1.2009 |
Russia (RU) | 0 | 0 | 0 | 0 | 1.1.2004 |
Slovakia (SK) | 0 | 0 | 0 | 0 | 1.1.2004 |
Slovenia (SI) | 0 | 0 | 0 | 0 | 1.1.2013 |
South Korea (KR) | 0 | 0 | 20 | 0 | 1.1.2009 |
Spain (ES) | 0 | 18 | 0 | 0 | 1.1.2003 |
Sweden (SE) | 0 | 0 | 20 | 0 | 1.1.1998 |
Switzerland (CH) | 0 | 0 | 20 | 0 | 1.1.1990 |
Ukraine (UA) | 0 | 0 | 20 | 0 | 1.1.2009 |
United Kingdom (GB) | 0 | 0 | 20 | 0 | 1.1.1992 |
United States (US) | 0 | 0 | 20 | 0 | 1.1.2009 |
Vietnam (VN) | 18 | 0 | 0 | 0 | 1.1.2003 |
Service provider
Skatturinn - Iceland Revenue and Customs