Europe · Nordics
Iceland
No wealth tax, a 22% capital gains rate and a genuine expert tax discount — but a remote-work visa deliberately capped below the tax residency threshold, and a citizenship backlog that has pushed the realistic wait past eight years.
Tax position
- Income tax (top)
- 46.29% top marginal (31.35% state plus 14.94% average municipal) above ISK 1,398,450 a month
- Capital gains
- 22%
- Wealth tax
- none — abolished 2015
- Inheritance tax
- 10% (erfðafjárskattur) on net assets above ISK 6,789,790; 0% for a surviving spouse or cohabitant
- Special regime
- Foreign expert incentive: only 75% of income is taxed for the first 3 years
- Territorial
- No — worldwide income taxed
- CFC rules
- Yes
- Exit tax
- No
- CRS
- Participating
Is Iceland actually right for your family?
We will tell you if it is not. That is the whole service.