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Political organisations and candidates may accept donations for their activities or electoral campaigns subject to the limitations entailed in the second to fifth paragraphs of this Article and the provisions of Article 7.
Donations may not be accepted from unknown donors. In the event that a political organisation or a candidate receives a donation from an unknown donor, the donation must be transferred to the State Treasury, given that there was no opportunity to refuse to accept the donation.
Donations may not be accepted from enterprises owned or controlled for the greater part by the State or by municipalities.
Donations not falling under the provisions of Chapter II may not be accepted from public sector bodies.
Donations may not be accepted from foreign citizens, enterprises or other entities registered in countries other than Iceland. However, this prohibition does not include donations from foreign citizens who enjoy voting rights in Iceland, cf. the third paragraph of Article 2 of Act No. 5/1998, on municipal elections.