Date of adoption of the decision

25 January 2022

Case No

88028

Decision No

012/22/COL

EFTA State

Iceland

Title

COVID-19 Tax deferrals scheme for undertakings operating a restaurant

Legal basis

Act No 2/2022 amending the Act on withholding of tax on public duties No 45/1987 and the Act on Social Security Contributions No 113/1990

Type of measure

Scheme

Objective

To compensate those undertakings that operate restaurants with a license to serve alcoholic beverages that have been subject to restrictions in opening hours, due to the measures taken by the Government as a response to the spreading of the COVID-19 outbreak

Form of aid

Deferrals of tax and social security contributions

Budget

The deferrals of public duties under the scheme are estimated at ISK 500 – 1 000 million (approx. EUR 3,4 – 6,8 million)

Duration

The granting of aid under the measure shall be completed on 1 June 2022 and the deferred tax shall be paid in full by 15 February 2023

Economic sectors

All sectors

Name and address of the granting authority