Tax assessment results for individuals 2026

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The results of the 2026 assessment for individuals, based on income earned in 2025, will be published on Iceland Revenue and Customs’ service portal on 21 May. Refunds will be paid out on 1 June, and employers will receive information on outstanding balances to be withheld from wages.

The results of the 2026 assessment for individuals, based on income earned in 2025, will be published on Iceland Revenue and Customs’ service portal on 21 May. Refunds will be paid out on 1 June, and employers will receive information on outstanding balances to be withheld from wages.

During the assessment, overpaid and underpaid taxes from the previous year are settled. Charges such as the broadcasting fee and the elder care construction fund fee are also imposed.

Refunds paid on 1 June

Refunds are deposited into the bank account registered with the collection authorities. If no bank account has been registered, you can register a new account or update existing information on the service portal of Iceland Revenue and Customs.

Outstanding balances – spread payments over a longer period

Outstanding balances after assessment are divided into up to seven instalments. Collection generally takes place through employers, who receive instructions to deduct the balance from monthly wages.

Set up a payment plan

Individuals may request a new payment plan to spread payments over a longer period. A payment plan reduces the monthly payment burden but results in higher interest costs.

More information about payment plans

Collection from self-employed individuals and people not in employment

Individuals who are not employed, such as pensioners or people on parental leave, as well as self-employed individuals, receive payment slips for taxes due after assessment.

Service

Further information about assessment results can be obtained by sending an inquiry or calling Iceland Revenue and Customs. The chatbot can also answer various questions regarding the assessment and collection process.

Frequently asked questions

You can appeal the assessment result by submitting a correction request. After logging in to the service portal, select “Framtal” and then “Beiðni um leiðréttingu”.

There you can explain which items in the tax return need to be changed and submit supporting documents for your case.

When the appeal decision is available, a letter will be sent to your Digital Mailbox on Ísland.is.

The appeal deadline is 31 August 2026.

Open the service portal

There is no single answer to that question. Most individuals must pay the broadcasting fee and the elder care construction fund fee. If you owe more than that, here are some common reasons that may apply to your situation:

Overuse of the personal tax credit or tax paid in the wrong tax bracket, for example due to payments from more than one employer
Occasional contractor payments
Grants where no deductible expenses were claimed

More information about the personal tax credit

More information about tax brackets for the 2025 income year

Tax assessment results for individuals 2026

Refunds paid on 1 June

Outstanding balances – spread payments over a longer period

Set up a payment plan

Collection from self-employed individuals and people not in employment

Service

Frequently asked questions

Electronic ID's and passwords

I have not yet submitted my tax return – what should I do?

The assessment result is not correct – how do I submit a correction?

Why do I owe taxes?

I owe taxes – can I arrange a payment plan?

Which bank account will the refund be paid into?