IcelandIcelandic VAT hike on geothermal lagoons sparks tourism vs. finance debate
Iceland's Minister of Finance plans to increase VAT on geothermal lagoons from 11% to 24%, drawing strong criticism from the Icelandic Tourist Board and sparking a debate over the impact on tourism.
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Increased VAT on geothermal lagoons sparks debate between tourism and finance minister
First report 6h agoLast update 6h ago1 takes▼ 1
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started 6h ago•Last update 6h ago
The Icelandic Tourist Board strongly criticizes the proposed VAT increase, viewing it as a breach of previous government statements against raising tourism taxes.
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