Iceland - The Newly Implemented Interest Deduction Limitation Rule
- V. Sigurvaldadottir
- European Taxation, 2017 (Volume 57), No 2/3
- 26 January 2017
The author, in this note, examines the new interest deduction limitation rule in article 57(b) of the Income Tax Act, comparing it with the recommended best practice approach of the OECD in BEPS Action 4 and commenting on its shortcomings.