Tax
Team Services
Matters relating to income tax, value added tax, double taxation agreements, transfer pricing and related taxes and duties are handled by our experienced tax team.
In a competitive market, sophisticated businesses want to minimize their tax liability both responsibly and legally, ensuring compliance whilst not overpaying. This is integral for companies that want to keep their competitive edge. Our experienced tax experts assist clients in planning their compliance, tax structuring and strategies.
In our tax team there are specialists with degrees in international tax law and international business law, comprising lawyers with a great deal of experience and expertise on a wide range of matters for international investors and financial institutions. Also, amongst our clients are some of the largest businesses in Iceland, small and medium sized companies, and high net worth individuals.
Our team advises individuals and companies on domestic and international tax law. That includes advise in relation to the Icelandic income tax act, any relevant double taxation agreements Iceland has entered, transfer pricing, value added tax, customs and other indirect taxes. We also advise on foreign investment structures and the global set-up of international business structures.
Our tax lawyers communicate with tax authorities on the legal interpretation of local legislation and international double taxation agreements. Our team also oversees legal tax charges for administrative appeal and handles litigation in the courts.
Our tax team is also involved in any private client matters as may be needed at any given time.
As an example, our work in this practice area includes:
- Tax advice in relation to holding and investment structures
- Value Added Tax
- Customs and excise duties
- Transfer pricing
- Double taxation treaties
- Private Equity
- Cross border tax issues
Client testimonials
The Legal 500 EMEA 2023
‘The overall team and their knowledge is exceptional and very professional.’
The Legal 500 EMEA 2023
‘I have mostly worked with Bjarnferður Ólafsson. He is a stand-out professional, has been very open minded in our dealings and is always available for consultation.’
The Legal 500 EMEA 2023
‘We have nothing but good things to say about Bjarnfreður Ólafsson. He knows the system very well and did well to always inform us on what to be expected. He managed to get good results for us in a difficult case.’
The Legal 500 EMEA 2023
‘Bjarnfreður Ólafsson is an exceptional lawyer.’
The Legal 500 EMEA 2023
‘Jón Elvar Guðmundsson has a deep understanding of the tax code whilst being pragmatic and knowledgeable of the corporate environment.’
The Legal 500 EMEA 2023
‘Bjarnferður Ólafsson is without a doubt the best tax lawyer in Iceland. His field of expertise is extensive and his experience unique. Not only does he have great knowledge of the tax framework in Iceland, but also well experienced and with good knowledge of the tax framework in Europe and the UK in general.’
The Legal 500 EMEA 2023
‘LOGOS has extensive in-depth knowledge of international taxation and how it relates to the domestic legislation in Iceland, including the tax treaties. I do not believe that any other firm has accumulated this level of experience in this field. The service is efficient and to the point. Highly recommended.’
The Legal 500 EMEA 2023
‘Outstanding team with a wide range of legal knowledge.’