All visitors to Iceland require a valid passport, with the exception of citizens of the Nordic countries (Denmark, Finland, Norway and Sweden).
Citizens of the following countries may enter Iceland using their National Identity Cards issued by their local authorities: Austria, Belgium, France, Germany, Greece, Italy, Liechtenstein, Luxembourg, the Netherlands, Portugal, Spain & Switzerland.
25% of Production Cost is Refundable
Reimbursements are offered for films and TV production costs incurred in Iceland. Producers can apply for reimbursements from the State Treasury of 25% of the cost incurred in the production of films and television program in Iceland. Applying for the 25% reimbursement is an easy, straightforward procedure. Applications must be submitted to the Ministry of Industry and Commerce before starting the production.
Companies resident in Iceland, and Icelandic branches of foreign resident companies, are liable for corporate income tax(national income tax) of 18% of their net earnings.
VAT(value-added tax) in Iceland is either 7% or 25%, although some categories are exempted from VAT. Food, hotels and other accommodation, restaurant services, books, magazines, music, electricity and heating costs, etc. are subject to VAT at a rate of 7%. Most other goods and services are subject to a rate of 25%.
Average Daytime Temperatures