Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxation of Interest Under Article 11 of Iceland's DTAA: Key Provisions and Exemptions Explained</h1> Article 11 of the Double Taxation Avoidance Agreement (DTAA) between Iceland and another Contracting State addresses the taxation of interest. Interest paid to a resident of the other Contracting State may be taxed in that State, but also in the State where it arises, with a maximum tax rate of 10% if the beneficial owner is a resident of the other State. Certain entities, such as government bodies and specified banks, may be exempt from tax. The article defines 'interest' and outlines conditions under which the standard provisions do not apply, particularly when a permanent establishment is involved. Special relationships affecting interest amounts are also addressed.
TaxTMI 
TaxTMI 
