Iceland amends Foreign Exchange Act

25 October 2016

Iceland's law amending the Foreign Exchange Act, no. 87/1992 came into effect on October 21. The purpose of the amendments, according to the announcement from the Central Bank of Iceland (the Central Bank), is to lift capital controls on households and businesses.

A Tax Alert prepared by Ernst & Young Iceland, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1807

Document ID: 2016-1807

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