Do you live in another Nordic country and own shares in Iceland?
Do you live in another Nordic country and own shares in an Icelandic company? The following information only applies to income from these shares.
Dividend from shares
Taxation in Iceland
Receipts of dividend from Iceland are subject to a final tax in Iceland at source of 10%. The payer withholds this tax at payment. No income tax return has to be filed in Iceland for a payment subject to tax at source.
Taxation in the country of residence
If you receive dividend from a company domiciled in Iceland you may in some cases have to pay taxes in Iceland as well as in the country of residence. For avoiding double taxation, the Icelandic tax is deducted from the tax you pay on this income in country of residence.
Capital gains derived from selling shares
If you are resident in another Nordic country you are not subject to tax in Iceland if you sell shares in a company in Iceland.