Tax Reduction Hits at Midnight 28. febrúar 2007 17:25 At midnight, new laws on Value Added Tax (VAT) and Excise tax on food will take effect in Iceland. According to the new laws, VAT on most food categories will be lowered from 14% to 7%. The Icelandic Consumer Agency projects a average price reduction of 6.1%. Most food categories also carry Excise Tax, which will in most cases be abandoned. Tolls and tariffs on imported meat will be reduced up to 40%. VAT on books and CDs will also be lowered from 24.5% to 7%, which means a price reduction of 14.1%. Also affected will be hotel rates, but VAT on hotel prices will be reduced from 14% to 7%. News News in English Mest lesið Hætta með ökuskírteini í símaveski vegna Evrópureglna Innlent Trump sendir þjóðvarðlið til Los Angeles Erlent „Ertu kannski Íslendingur?“ Erlent Hótar Musk alvarlegum afleiðingum styðji hann Demókrata Erlent 70 milljóna króna halli vegna uppsagnar samningsins Innlent Ísraelsmenn undirbúi árás á skútuna með Gretu Thunberg um borð Erlent Þrír reyndu að komast undan lögreglu Innlent Danskar herþotur verða staðsettar á Grænlandi Erlent Alþjóðlegir sérfræðingar ræða baráttuna gegn myglu í Hörpu Innlent Vísbendingar um að síðasta vígið sé fallið Innlent
At midnight, new laws on Value Added Tax (VAT) and Excise tax on food will take effect in Iceland. According to the new laws, VAT on most food categories will be lowered from 14% to 7%. The Icelandic Consumer Agency projects a average price reduction of 6.1%. Most food categories also carry Excise Tax, which will in most cases be abandoned. Tolls and tariffs on imported meat will be reduced up to 40%. VAT on books and CDs will also be lowered from 24.5% to 7%, which means a price reduction of 14.1%. Also affected will be hotel rates, but VAT on hotel prices will be reduced from 14% to 7%.
News News in English Mest lesið Hætta með ökuskírteini í símaveski vegna Evrópureglna Innlent Trump sendir þjóðvarðlið til Los Angeles Erlent „Ertu kannski Íslendingur?“ Erlent Hótar Musk alvarlegum afleiðingum styðji hann Demókrata Erlent 70 milljóna króna halli vegna uppsagnar samningsins Innlent Ísraelsmenn undirbúi árás á skútuna með Gretu Thunberg um borð Erlent Þrír reyndu að komast undan lögreglu Innlent Danskar herþotur verða staðsettar á Grænlandi Erlent Alþjóðlegir sérfræðingar ræða baráttuna gegn myglu í Hörpu Innlent Vísbendingar um að síðasta vígið sé fallið Innlent