Tax Return

Skattaframtalið

• It is mandatory to file a tax return to the Regional Tax Director. This must be done in March each year. Tax returns provide information on income, assets and debts from the previous year.
• The most common way to file a tax return is electronically through the Internet on the website www.skattur.is. Those who cannot file the tax return electronically may submit it on a paper to the nearest tax office.
• On August 1^st each year individuals get a tax assessment notice from their tax office. These contain information on tax settlement.
• If the taxpayer paid too much in taxes, it is stated on the assessment slip and the taxpayer gets a refund. If the taxpayer paid less then he should have he must defray the difference.

Location of tax offices in Iceland

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