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Forsíða - 30 June 2020 01:16 PM

Calculation of financial income tax on currency gains withheld at source

It is quite common to invest part of savings in accounts in foreign currencies. When the Icelandic króna (ISK) depreciates, currency gains accrue to these accounts and the Bank is obligated to withhold a 22% financial income tax on such gains.


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Weekly bulletin - 29 June 2020 09:56 AM

Icelandic Economic Weekly: Monday 29 June 2020

The CPI based on prices in June increased by 0.44% MoM. Statistics Iceland expects the GDP to decrease by 8.4% in 2020. Unemployment in May was 9.9%, according to Statistics Iceland's labour force survey. The CBI released its quarterly Economic Indicators.


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Forsíða - 23 June 2020 12:37 PM

Applications for Landsbankinn's Reykjavík Culture Night fund now open

This year, Reykjavík Culture Night will be celebrated in a different form to avoid overly large gatherings, in accordance with Covid-19 guidelines from the Civil Protection Authorities. The festival will take place over a 10-day period, 13-23 August.


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