Iceland Asked by the EFTA to Reverse Favorable VAT Measures
The European Free Trade Association (EFTA) has asked Iceland, an EFTA member, to reverse certain VAT measures that are considered to be unfair State aid. The VAT measures requested to be reversed include:
- Iceland's import VAT exemption for data processing equipment imported for international data processing centers located in the country
- VAT exemption for mixed data processing service (those i…