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The City Council has approved temporary changes to the Collection Rules of the City of Reykjavík due to actions related to the economic impact of the Covid-19 pandemic. The change will affect both businesses and individuals.
Companies may request to postpone up to three due dates for property taxes and commercial property rates, due to a drop in income, until January 15, 2021. This measure is in line with newly passed legislation from Alþingi on measures to meet the economic impacts following the coronavirus pandemic.
Payers of property rates can request to postpone up to three due dates for property taxes and property rates, (i.e.land leases, waste collection fees, and recycling fees) on commercial properties, due to a drop in income.
This measure applies to those experiencing significant operational hardship in 2020 due to a sudden and unforeseen drop in income, resulting from the general recession in Iceland and globally. On the basis of Act No 25/2020, they may apply for a deferral of returns on up to three due dates for property rates that are due in the period from April 1, 2020 to December 5, 2020. If conditions are met, the due date and final due date of the deferred payments is January 15, 2021.
The applicant must not have had property rates in arrears on Dec. 31, 2019.
The application shall be signed by the procurator of the company, or the person concerned in the case of sole proprietorship. The undersigned certifies that the information given in this application is in accordance with the best of their knowledge as to the financial condition at the time it was presented. The undersigned also confirms that the documents submitted with this application are legal and valid documents, prepared in accordance with the law. The City of Reykjavík reserves the right to request further documentation if necessary to process the application, both from the applicant and to retrieve information from Creditinfo Lánstraust hf.
The person signing this document confirms that they agree to the processing of the data and information provided or obtained through this application, and are aware of the purpose and execution of this processing.
The undersigned may withdraw this application at any stage of processing.
When evaluating and processing applications the above documents will be reviewed in light of the conditions stated in Act No 25/2020 and their purpose.