- VAT concessions for e-vehicles in Iceland will expire at the end of 2023
- VAT is waived for full or deposit payments made before the start of 2024
- Payment of balances exceeding the authorized amounts in 2023 is subject to VAT
- VAT will apply to all e-vehicle imports from January 1, 2024
- Taxpayers engaged in the sale or rental of e-vehicles are affected by these changes.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
