Are there special residency considerations for short-term assignments?
Short stays abroad for leisure or holiday will not be considered as an interruption of the six-month period, whereas working abroad will.
Are there special payroll considerations for short-term assignments?
There are no special payroll considerations for short-term assignments.
What income will be taxed during short-term assignments?
The basic principle is that all income sourced in Iceland will be taxed in Iceland unless there is a relevant exemption in a double taxation convention.
Are there any additional considerations that should be considered before initiating a short-term assignment in Iceland?
The assignee might have to get residence permit, working permit, and be registered at the directorate of labor.
© 2017 KPMG ehf, an Iceland Limited Liability Company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.