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Act No. 28 of April 8, 1998 Respecting Professional Commerce, Iceland
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Latest Version in WIPO Lex
Year of Version
1999
Dates
Entry into force:
January 1, 1999
Adopted:
April 8, 1998
Type of Text
IP-related Laws
Subject Matter
Copyright and Related Rights (Neighboring Rights),
Other
Notes
Article 23 of this Act provides for art auctions and stipulates: 'A 10% charge shall be levied on paintings, pictures and objects of art which are sold at art auctions and this shall accrue to the artists or their heirs in accordance with the Copyright Act. In case copyright has expired or the funds cannot be disposed of these will accrue to professional wages for pictorial artists. The Minister of Culture and Education may lay down further rules concerning the disposal of the charge in consultation with the Association of Icelandic Visual Artists. As it pertains to exemption from Value Added Tax on account of sales at an art auction reference is made to Art. 4 of Act No. 50/1988 respecting Value Added Tax.'
Available Texts
Main text(s)
Main text(s)
Icelandic
Lög nr. 28 april 1998 um verslunaratvinnu
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English
Act No. 28 of April 8, 1998 Respecting Professional Commerce
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Historical Versions
Repeals (1 text(s))
Repeals (1 text(s))
WIPO Lex No.
IS105