Tax Discount for Foreign Experts
Only 75% of the income of foreign experts is taxed for the first three years they work in Iceland if certain conditions are met.
More information about the tax discount offered to foreign experts and the conditions for being granted such a discount can be from the Directorate of Internal Revenue.
You can apply for this tax discount through the Icelandic Centre for Research.
Your application must be submitted no later than three months from the date you start working in Iceland.