16. Is there a limit on the amount a donor can contribute to a political party during an election?

Article 7 of the Act on the Finances of Political Organisations and Candidates and their Information Disclosure (2006), last amended in 2011. 

No specific limit in relation to an election exists. However, political organisations and candidates may not accept contributions from private persons and legal entities exceeding ISK 400,000 per year, see question 16.