The Icelandic government is planning to reduce its standard VAT rate from 24% to 22.5% from 1 January 2019. The announcement came as part of the 2018 to 2022 fiscal budget plan. Iceland had raised its VAT rate to 25.5% during the global financial crisis in 2010, but cut it to 24% in 2015. Tourism …
The post Iceland VAT rate to 22.5% 2019 appeared first on Avalara VATLive.