Led by practice head Páll Jóhannesson, the tax team at BBA//Fjeldco handles a range of work for its clients, including cross-border tax advice, due diligence, and restructuring advice. Páll provides strong experience in the field, having advised on numerous domestic and cross-border matters across a variety of industries such as energy, food processing, tech, and banking. He is supported regularly by Austri Þorsteinsson, who brings further skills in VAT issues, tax litigation, and particularly in corporate due diligence work.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘Páll Jóhannesson has deep insight across all tax disciplines and can thus deliver advice that covers and considers all relevant areas at once.’
- ‘We've worked with Páll Jóhannesson and Austri Þorsteinsson. They are knowledgeable and responsive.’
- ‘The tax team at BBA//Fjeldco is noted for its strong expertise in corporate and international tax. They excel in cross-border structuring, transfer pricing, and the tax aspects of complex transactions and international operations. We highly value their responsiveness, guidance, and ability to translate technical issues into practical solutions. With hands-on partner involvement and a collaborative approach, the team is seen as a trusted, proactive adviser in the Icelandic market.’
- ‘Páll Jóhannesson and Austri Þorsteinsson form a highly knowledgeable and approachable team in the BBA//Fjeldco tax department. Páll brings deep experience in corporate, international, and indirect tax, combined with sharp analytical skills and excellent judgement. Austri complements this with his strong technical foundation, responsiveness, and a very client-oriented attitude. They are a pleasure to work with, always reachable, and provide clear, practical guidance even on complex matters.’
- ‘This team has provided invaluable insight into doing business in Iceland. They have been quick to respond and assist with tax strategy and execution. They have provided valuable advice regarding VAT and transfer pricing. ’
- ‘Páll Jóhannesson is extremely knowledgeable on Icelandic tax law and practices. He makes himself available to the US team at all times. His quick response and recommendations are key in assisting the US team with making tax decisions timely.’
Key clients
- Crusoe Energy Systems
- Alfa framtak ehf.
- Gebr. Heinemann SE & Co. KG
- Skagi Group
- Grant Thornton endurskoðun ehf.
- ST eignarhaldsfélag ehf.
- Controlant hf.
- Kvika Bank hf.
- Rotovia hf.
- Certa Insurance Partners
- Arion banki hf.
- Hopp ehf.
Work highlights
Provided lead Icelandic counsel for Crusoe Energy System LLC on establishing and expanding data center capacity and securing credit facility.
Advised Alfa Framtak ehf. on the acquisition of a majority share of Lyf og heilsa.
Provided tax and legal counsel for Gebr. Heinemann SE & Co. on the public procurement tender process for the Keflavik Airport concession.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Páll Jóhannesson
Other key lawyers
Austri Þorsteinsson