Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Act No. 129 on environmental and resource taxes.

Country/Territory
Iceland
Document type
Legislation
Date
2009 (2020)
Source
FAO, FAOLEX
Subject
Environment gen., Water
Keyword
Protection of environment Tax/levy Environmental fees/charges Water charges Freshwater pollution Pollution control
Geographical area
Arctic, Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North-East Atlantic, Northern Europe
Abstract

The present Act establishes a series of environmental taxes. It includes a carbon tax on fuels containing carbon of mineral origin and used in liquid or gaseous form or in industrial processes; a special tax on sold electricity and hot water; and a special tax on each kilogram of fluorinated greenhouse gases imported into the country. If something else is not provided, taxable persons under the Act are: (1) All those who import into the country goods that are taxable under the Act, whether for resale or own use; and (2) All those who produce in the country a product that is subject to a fee under this Act, work on its production or assemble it, whether for resale or own use.

Full text
Icelandic
Website
www.althingi.is