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07 February 2018Ministry of Finance and Economic Affairs

Bill of legislation amending the Act on Financial Undertakings in response to ESA comments

The EFTA Surveillance Authority (ESA) published a press release today regarding its reasoned opinion that the Icelandic authorities have not adequately incorporated three provisions of Council Directive 2001/24/EC on the reorganisation and winding-up of credit institutions into Icelandic law.

30 January 2018Ministry of Social Affairs and Housing

Questions and Answers on equal pay certification

The Ministry of Welfare has received an enormous amount of inquiries from all over the world on the new law on Equal Pay Certification, that came into force on January 1st 2018. Here you can find answers to many of these inquiries and useful additional information on equal pay certification.

29 January 2018Ministry of Health

Dental care free of charge for all children from 1 January

All children under 18 years of age are entitled to free dental care under an agreement concluded between Icelandic Health Insurance and the Dentists’ Association of Iceland. To be eligible, children must have health insurance in Iceland and be registered with a family dentist.

16 January 2018Ministry for Foreign Affairs, Ministry of Finance and Economic Affairs

Signing of a Tax Convention between Iceland and Japan

A Convention between Iceland and Japan for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (hereinafter, the Convention) was signed in Reykjavik on January 15, 2018, by H.E. Mr. Guðlaugur Þór Þórðarson, Minister for Foreign Affairs of Iceland and H. E. Mr. Yasuhiko Kitagawa, Ambassador of Japan to the Republic of Iceland.

08 January 2018Ministry of Finance and Economic Affairs

Treasury reduces pension liabilities by ISK 19 bn

The Ministry of Finance and Economic Affairs confirmed today that an agreement had been reached with the Pension Fund for State Employees (LSR) concerning a transfer of ISK 19 bn in assets that were part of the failed financial institutions’ stability contributions. The transfer is based on an authorisation in the fiscal budget supplement for 2017, passed by Parliament on 30 December 2017.

04 January 2018Ministry of Social Affairs and Housing

New Icelandic law on Equal Pay Certification entered into force on January 1, 2018

A bill of law (amendments to the Gender Equality Act 10/2008 ) that was submitted by the Minister of Social Affairs and Equality and passed by the Parliament with vast majority on June 1, 2017 came into force on January 1, 2018.…

22 December 2017Ministry of Finance and Economic Affairs

S&P affirms its sovereign credit ratings on the Republic of Iceland with a stable outlook

Today S&P Global Ratings affirms its long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland at 'A/A-1'.

11 December 2017Ministry of Health

Facts about Down syndrome and pre-natal screening in Iceland

The Icelandic Ministry of Welfare considers it urgent to present the following facts due to incorrect and misleading information which has repeatedly been spread abroad concerning the birth of children in Iceland with Down syndrome.…

30 November 2017Prime Ministers Office

New Icelandic Government takes office

A Government of the Left Green Movement, the Independence Party and the Progressive Party, took office today. The Government is headed by Mrs. Katrín Jakobsdóttir, chairman of the Left Green Movement, with eleven ministers; five from the Independence Party, three from the Left Green Movement and three from the Progressive Party.