Tax and accounting in Iceland

Self-employed or running a company in Iceland: what to know

Each topic below links to a free Guide that cites the official sources. Read it here, or add the Guides to the AI you already use and ask your own question.

How do I register a business in Iceland?

The ways to trade, as self-employed or through a company, the steps to register and who you register with. Read the Iceland Company Formation & Entity Choice Guide, written by Michael Cutajar and the OpenAccountants team.

How does income tax work in Iceland?

Who pays, how the tax is worked out, what you can deduct and when to file, including for the self-employed. Read the Iceland Income Tax -- Self-Employed and Individuals Guide, written by Michael Cutajar and the OpenAccountants team. 2 more Iceland Guides on this below.

How do VAT and sales taxes work in Iceland?

When you have to register, how often you file and what you can claim back. Read the Iceland VAT Guide, written by Michael Cutajar and the OpenAccountants team.

What do I need to do to pay staff in Iceland?

Withholding, social contributions and the employer registrations and filings. Read the Iceland Payroll Guide, written by Michael Cutajar and the OpenAccountants team. 1 more Iceland Guide on this below.

Add the IcelandGuides to your AI, free →