Go to Wolters Kluwer VitalLaw.comGo to Wolters Kluwer VitalLaw.com
VitalLaw®
  • Find answers to your questions
  • Log in to access your subscriptions
In depth. On point.
In depth. On point.
  • Home
  • Legal Directory
  • Home
  • Legal Directory
In depth. On point.
  • Articles
    • Articles
    • Croatian Government Empowered To Flexibly Cut VAT On Fuels
    • Finland Planning Two Percent Corporate Tax Cut
    • Iceland Cuts VAT On Fuel
    • Ireland Guides On VAT Cut For Restaurant, Catering Services
    • Kenya Expands Pre-Filling Of VAT Returns
    • Multilateral Tax Convention Effective For Fiji
    • OECD Guides On Designing And Implementing Tax Incentives
    • Singapore Updates Guidance For Variable Capital Companies
    • South Africa Releases Regulations Governing New APA Program
  • Articles
    • Articles

    Global Daily Tax News, Iceland Cuts VAT On Fuel, (May 5, 2026)

    Iceland cut value-added on fuels on May 1, 2026, to provide relief to taxpayers amid the conflict in the Middle East.

    From May 1, 2026, until August 31, 2026, the VAT rate will be reduced from 24 percent to 11 percent on fuel from fuelling stations. T ...

    Iceland cut value-added on fuels on May 1, 2026, to provide relief to taxpayers amid the conflict in the Middle East.

    From May 1, 2026, until August 31, 2026, the VAT rate will be reduced from 24 percent to 11 percent on fuel from fuelling stations. The Competition Authority, meanwhile, has been tasked with ensuring that the relief is passed on in full to consumers.

    Legislation providing for the tax relief was passed by the nation's legislature on April 29, 2026.

    © 2026 CCH Incorporated and its affiliates and licensors. All rights reserved.

    • Manage Cookie Preferences
    • Privacy Statement
    • Terms of Use