The Double Taxation Convention entered into force on 10 November 2014.
The convention is effective in Iceland from 1 January 2015 for:
- taxes withheld at source
- other taxes on Income
It’s effective in the UK from:
- 1 January 2015 for taxes withheld at source
- 1 April 2015 for Corporation Tax
- 6 April 2015 for Income Tax and Capital Gains Tax