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Business Reforms in Iceland

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2015

Starting a Business: Iceland made starting a business easier by offering faster online procedures.

Registering Property: Iceland made transferring property more costly by increasing the stamp duty rate.

DB2014

Paying Taxes: Iceland made paying taxes easier for companies by reducing employers’ social security contribution rate and abolishing the weight distance tax—though it also introduced a new rehabilitation fund contribution.

DB2013

Paying Taxes: Iceland increased the corporate income tax rate.

DB2012

Protecting Minority Investors: Iceland strengthened investor protections by introducing new requirements relating to the approval of transactions between interested parties.

Paying Taxes: Iceland made paying taxes easier and less costly for firms by abolishing a tax.

DB2011

Dealing with Construction Permits: Iceland made dealing with construction permits more costly by increasing the fees to obtain the design approval and receive inspections.

Paying Taxes: Iceland increased the corporate income tax rate from 15% to 18% and raised social security and pension contribution rates.

DB2010

Paying Taxes: Iceland made paying taxes less costly for companies by reducing the corporate income tax rate.

DB2008

Protecting Minority Investors: Iceland strengthened investor protections by requiring greater disclosure in the annual report to shareholders.