Tax Law

Taxes and Public Levies are an integral part of running a business and impact all members of society. For both companies and individuals, there is significant benefit in making sound tax-related decisions. However, tax law is extensive and often involves complex interactions between legal regulations, tax practices, and connections with other areas of law. Professional advice in this domain is crucial and cannot be overstated.

LOCAL attorneys possess decades of experience in handling a wide range of projects related to both domestic and international tax law. We provide comprehensive guidance on all aspects of tax law for individuals and companies of all sizes. Our expertise in this field covers areas such as value-added tax (VAT), interpretation of legal provisions and double taxation agreements, transfer pricing, due diligence, and representation in matters before tax authorities and the courts.

Additionally, we offer specialised representation for foreign companies conducting VAT-liable activities in Iceland. If a non-resident entity conducts taxable business in Iceland without having a permanent establishment, they are required to appoint a local representative with residency in Iceland to collect and remit VAT on their behalf.