DTC was concluded with Japan and came into force on January 1, 2019. DTC’s have also been signed with Australia in 2021 and Andorra in 2022. They have not been ratified by contracting states. Agreements have also been concluded with Saudi Arabia in 2022 and Brazil in June 2023. Both these agreements are waiting official signatures.
Making Dispute Resolution Mechanisms More Effective – Consolidated Information on Mutual Agreement Procedures 2023
OECD/G20 Base Erosion and Profit Shifting Project
Iceland
Recent developments relating to MAP in Iceland prior to 15 August 2023
Developments relating to MAP in the tax treaty network
Other developments relating to MAP
No developments were reported
Latest Action 14 Peer Review report
15 April 2021 - https://doi.org/10.1787/8b1deca3-en
Tax treaty network of Iceland
50 treaties, applicable to 56 jurisdictions (covering all treaties signed, although not necessarily in force)
status of MLI: in force.
Table 1. State of play of Iceland's tax treaty network
Source: OECD
Iceland's MAP programme
Organisation of competent authority function
one person:
one head of unit
one person working on MAP cases (that person works on other tasks as well):
the same person works on both attribution/allocation cases and other cases but can seek assistance from other units of the IRC if needed.
contact persons for MAP requests:
Iceland Revenue and Customs
att. Elin Margret Thrainsdottir
Katrinartun 6
105 Reykjavik
Iceland.
Figure 1. Competent Authority Organisational Structure
Source: OECD
Table 2. Guidance on the MAP process
Overview of Iceland's MAP Statistics for 2022
Please refer to https://www.oecd.org/tax/dispute/map-statistics-iceland.pdf for details with respect to Iceland's MAP Statistics.
Figure 2. Cases closed in 2022
Source: OECD
Figure 3. Evolution of Iceland's MAP caseload (2016-22)
Source: OECD
Table 3. Overview of Iceland’s MAP caseload for 2022
Source: OECD
Table 4. Iceland’s average time to resolve MAP cases in 2022
Source: OECD