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Iceland Revenue and Customs Provides Guidance on Digital Platform Reporting Requirements

27 February 2025

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Approved Changes

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Iceland

Iceland Revenue and Customs has published English-language guidance on the new digital platform reporting requirements in the country. The requirements apply from 1 January 2025, with initial reports due by 20 January 2026. --- Income derived from Digital Platforms (DPI) The Model Rules for Reporting by Platform Operators in the digital economy (abbreviated as DPI) is a standard for Automatic Exchange of Information between tax authorities on income derived from Digital Platforms. The objectives of the Model Rules are, among others, to assist taxpayers by easing their burden on acquiring information on and reporting their taxable income, promote standardization on...