3 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
Source-cited draft: corporate income tax for Iceland (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft: tax overview for Iceland (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Use this skill whenever asked about Iceland (Ísland) personal income tax for self-employed individuals and employees. Trigger on phrases like "how much tax do I pay in Iceland", "skattframtal", "RSK 1.01", "income tax return Iceland", "staðgreiðsla", "reiknað endurgjald", "calculated remuneration", "persónuafsláttur", "personal tax credit", "útsvar", "municipal tax", "tryggingagjald", "lífeyrissjóður pension", "capital income tax 22%", "VSK / VAT registration", "Skatturinn", or any question about filing or computing income tax for a self-employed (sjálfstætt starfandi) or employed individual resident in Iceland. Also trigger when preparing or reviewing an annual return (skattframtal) or business income statement (rekstrarframtal RSK 4.11), computing deductible expenses, or advising on monthly withholding (staðgreiðsla). This skill covers the 3-bracket combined state + municipal income tax, personal tax credit, capital income tax, mandatory occupational pension, tryggingagjald, calculated remuneration, penalties, and interaction with VAT (VSK). ALWAYS read this skill before touching any Icelandic income tax work.