Measures Undertaken by the Icelandic Government in Response to COVID-19
This memorandum is intended to provide information on measures undertaken by the Icelandic government in response to disruption of businesses on account of the SARSCoV2 virus. The memo will be updated as the occasion arises. Status as on Tuesday 31 March 2020 On 31 March 2020, the Icelandic Parliament (Althingi) passed amendments to various laws in order to implement the government´s announced measures in response to COVID-19. The following is a brief overview of the said amendments, primarily focused don the business environment. 1) Amendments to the Act No 45/1987, on the Withholding of Public Levies at Source. Deferral of payment...
