skattalög
Skattalög, or tax laws, are a fundamental component of the legal framework governing taxation in Iceland. These laws establish the rules and procedures for how taxes are assessed, collected, and enforced by the state. The primary authority responsible for administering tax legislation in Iceland is the Directorate of Internal Revenue (*Innskattastjórn*), which operates under the Ministry of Finance.
The tax system in Iceland is based on both direct and indirect taxes. Direct taxes include income
Taxpayers in Iceland are required to file annual tax returns, reporting income, deductions, and taxable assets.
Skattalög are periodically updated to reflect economic changes, legislative reforms, and international agreements. The legal framework