skattayfirvöld

Skattayfirvöld is the Icelandic term for tax authorities. This encompasses the primary government body responsible for the assessment, collection, and enforcement of taxes within Iceland. Its main function is to ensure that individuals and businesses comply with tax laws and regulations. The organization administers various types of taxes, including income tax, value-added tax (VAT), and corporate tax.

The responsibilities of skattayfirvöld are broad. They include processing tax returns, auditing taxpayers, issuing tax assessments, and managing tax payments. They also provide guidance and information to taxpayers to help them understand their obligations. In cases of non-compliance, skattayfirvöld has the authority to impose penalties and interest, and in more serious instances, to pursue legal action. The work of skattayfirvöld is crucial for funding public services and maintaining the economic stability of the country. They operate under the purview of the Ministry of Finance and Economic Affairs.