22. Is there a limit on in-kind donations to candidates?

Donations are defined as any direct financial contribution or any other item which has a financial value, regardless of its origin or nature (cash or in kind).

GRECO (2008), Evaluation Report on Iceland - Transparency of Party Funding (Theme II), p.5. 

Donation limit (ISK 400,000 per year) applies to both cash and in-kind donations.