Chapter 16: Taxation Introduction Country session 3 – 4 March 2011

1. Chapter 16: Taxation Introduction Country session 3 – 4 March 2011

2. Agenda Items – Day One • Introduction – JÓNASDÓTTIR Maríanna • Legal framework, tax administration -JÓNSDÓTTIR Guðrún J. • DIRECT TAXATION: • Corporate taxes; mergers– TRYGGVASON Jón Á. • Corporate taxes; parent –subsidiary - JÓNSDÓTTIR Guðrún J. • Corporate taxes; interests, royalties–HELGADÓTTIR I. Helga • Corporate taxes; transfer pricing issue – ÖGMUNDSD. Ása • Corporate taxes; code of conduct–JÓNASDÓTTIR Maríanna • Savings taxation; Savings directive-HELGADÓTTIR I. Helga • Exchange of information, mutual assistance- JÓNSDÓTTIR Guðrún J. • INDIRECT TAXATION • VAT; general overview – GUÐMUNDSSON Jón • VAT; refund and exemptions – RAGNARSDÓTTIR Sóley • VAT; gap analysis – INGASON Hlynur

3. Agenda Items – Day Two • INDIRECT TAXATION • Stamp duties; capital duties -– JÓHANNSSON Guðmundur J. • Excise duties; alcohol, tobacco, energy - JÓHANNSSON Guðmundur J. • Excise duties; movement regime – HARÐARSON Hörður D. • ADMINISTRATION, RECOVERY, COMPUTERIZATION • Recovery of duties – SÍMONARDÓTTIR Edda • Excise duties; administration ,computerization - HARÐARSON Hörður D. • VAT; administration, computerization – SVANSSON Jens • Taxation Related System – SVANSSON Jens • CLOSING REMARKS

4. Budget 2011

5. Budget 2011