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ARTICLE 1

U.S. Income Tax Treaty — iceland tax treaty documents: iceland.pdf · 2026-10-03 edition · updated 2026-10-04 · United States

Taxes Covered

(1) The taxes which are the subject of this Convention are:

(a) In the case of the United States, the Federal income taxes imposed by the Internal Revenue Code, hereinafter referred to as the "United States tax", and

(b) In the case of Iceland, the National income tax, National capital tax and municipal income tax, hereinafter referred to as the "Icelandic tax".

(2) This Convention shall also apply to taxes substantially similar to those covered by paragraph (1) which are imposed in addition to, or in place of, existing taxes after the date of signature of this Convention.

(3) For the purpose of Article 7 (Nondiscrimination), this Convention shall also apply to taxes of every kind imposed by the Contracting States, states, political subdivisions, or local authorities. For the purpose of Article 29 (Exchange of Information) this Convention shall also apply to taxes of every kind imposed by the Contracting States.

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▸Contents — U.S. Income Tax Treaty — iceland tax treaty documents: iceland.pdf
U.S. Income Tax Treaty — iceland tax treaty documents: iceland.pdf

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