OrbitaxBill on tax amendments presented to parliament
|Proposed Changes|Iceland
On 1 November 2011, the Minister of Finance presented a bill (Parliament document 200 - Case 195 of the 2011-2012 parliamentary session) (the Bill) to the parliament proposing changes to various laws in relation to the Budget for 2012. The main features of the Bill, which will generally apply from 1 January 2012, are summarized below:
Corporate taxation
