Iceland Issues a Draft Bill for IIR and Domestic Top-Up Tax From January 1, 2026
On June 5, 2025, Iceland issued a Draft Minimum Tax Bill for consultation. The Draft Bill includes an Income Inclusion Rule (IIR) and a domestic minimum tax from January 1, 2026.
GloBE Country Guide: Iceland
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Iceland for accounting periods beginning after 31 December, 2025. Updated for the Draft Minimum Tax Bill opened for consultation June 5, 2025.
