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Reduction in tax on interest The Icelandic Parliament has accepted a bill reducing the withholding tax on interest paid to foreign investors. The tax applied to individuals is reduced from 20% to 10% and the tax applied to legal entities is reduced from 18% to 10%.  The law will take effect on January 1st 2012 and applies to withholding from that day forward. For further information please contact fi@islandsbanki.is December 22 2011 In this issue Reduction in tax on interest Useful websites Íslandsbanki hf. RSK - Icelandic Tax Authority Forward Know someone who might be interested in this email? Please forward it.

Íslandsbanki - Financial Institutions and Corporate Communication Teams Kirkjusandur 2 - 155 Reykjavik - Iceland Unsubscribe from this news service.

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