Iceland Tax OptimizationBuilt by Michael Cutajar and the OpenAccountants team Use this skill whenever asked about reducing tax in Iceland, tax planning, or legal strategies to minimise tax for a self-employed person or small company in Iceland. Trigger on phrases like "reduce tax Iceland", "ehf vs self-employed", "Iceland dividends 22%", "reiknað endurgjald", "reference salary", "Iceland company tax 20%", "save tax Iceland", "tax planning Iceland". This skill covers the ehf-company-plus-dividend structure vs self-employment, the mandatory owner reference-salary rule (reiknað endurgjald), capital-income vs labour-income treatment, pension and personal reliefs, and the anti-avoidance red lines. ALWAYS read this skill before advising on any Icelandic tax optimisation.