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Press Release

Japanese

May 29, 2017

Ministry of Finance

Tax Convention with Iceland Agreed in Principle

[Provisional translation]

1.   The Government of Japan and the Government of Iceland have agreed in principle on the tax convention between Japan and Iceland.

2.   This Convention includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance and is expected to promote further mutual investments and economic exchanges between the two countries.

3.   This Convention will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Convention will enter into force after the completion of the approval process in both countries (in the case of Japan, approval by the Diet is necessary).

Contact

Ministry of Finance : Tel 03(3581)4111

 International Tax Policy Division, Tax Bureau (ext. 5335 or 2460)