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February 4, 2014, 12:00

EEA Agreement and the Icelandic tax law

Asmundur G. Vilhjálmsson holds a lecture on "the EEA Agreement and the Icelandic tax law " in a seminar held by the Shcool of Business at the University of Iceland on Tuesday 4 February between 12:00 and 13:00 at Háskólatorg, HT -101. The lecture is held in Icelandic.


With the agreement signed in Opertó, Portugal 2 May 1992, Iceland became a member of the European Economic Area on 1 January 1994. The EEA-agreement opened the door for Iceland to European markets. To facilitate trade the Member States decided to contribute to the harmonization of national legislation in the field of commerce with the aim of establishing a homogeneous internal market where everyone was equal and could move freely.

The right to determine fees and taxes are excluded from the uniformity requirement. It was nonetheless clear to everyone that the import levies could not be used to discriminate against foreign nationals who came to Iceland or to prevent residents from enjoying the four freedoms, directly or indirectly, when migrating. The presentation will discuss the impact the four freedoms have had on the national tax rules, particularly with the assistance of the ECJ and the EFTA Court, and what still remains to be done so that the uniformity requirement is met.