Tax Accounting Manager salary in Iceland

Average Yearly Salary of Tax Accounting Manager in Iceland is approximately 15,903,546 ISK (111,223 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Tax Accounting Manager do?

A tax accounting manager is responsible for overseeing and managing all tax-related activities within an organization. They ensure compliance with tax laws and regulations, develop tax strategies to minimize liabilities, and provide guidance on tax planning and reporting. The occupation involves analyzing financial data, preparing and reviewing tax returns, and conducting tax research to stay updated with changing tax laws. A tax accounting manager also collaborates with internal teams and external auditors to resolve tax-related issues and provide expert advice on tax matters. Strong analytical skills, attention to detail, and excellent knowledge of tax laws are essential for this role.

Skills: tax accounting, tax compliance, tax planning, financial analysis, tax law, management skills
Job industry: Accounting

How much does Tax Accounting Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Tax Accounting Manager a well paid job?

Yes, our data shows that Tax Accounting Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Tax Accounting Manager?

High salary for Tax Accounting Manager would be somewhere between 17,493,901 ISK and 23,060,142 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tax Accounting Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 15,903,546 ISK
Estimated Monthly Salary: 1,325,296 ISK
Estimated Weekly Salary: 305,837 ISK per week
Estimated Hourly Salary: 7,646 ISK per hour
By working as Tax Accounting Manager a person can save up to 6,540 USD per month or 78,477 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Tax Accounting Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Longliner fisherman (11,566,536 ISK per year, pre-tax.)
Facility manager (10,381,721 ISK per year, pre-tax.)
Talent payment coordinator (6,592,729 ISK per year, pre-tax.)
Hypnotherapist (40,637,094 ISK per year, pre-tax.)
Alligator farmer (9,357,491 ISK per year, pre-tax.)

Feedback about these results