If a payee stays at an institution, his entitlement to pension payments shall lapse.

Individuals living abroad are generally not entitled to personal tax credit in Iceland, except in special circumstances.

Processing time for cases varies. Some are processed quickly, but when a case needs to be investigated, it can take a few months to a year, or more.

Tax incentives to attract foreign experts who possess the necessary knowledge and expertise to work in Iceland and to help companies attract knowledge.