Tax Analyst salary in Iceland

Average Yearly Salary of Tax Analyst in Iceland is approximately 11,535,246 ISK (81,067 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 Analyst do?

A tax analyst is a professional responsible for analyzing and interpreting tax laws and regulations to ensure compliance and minimize tax liabilities for individuals or organizations. They review financial records, prepare tax returns, and provide advice on tax planning strategies. Tax analysts stay updated with changes in tax laws and regulations and help clients navigate complex tax issues. They may also assist in audits and investigations, ensuring all necessary documentation is prepared and accurate. Strong analytical skills, attention to detail, and knowledge of tax laws are essential for this role. Tax analysts often work in accounting firms, tax consulting firms, or within the finance departments of corporations.

Skills: Tax analyst, Tax compliance, Tax planning, Financial analysis, Tax regulations, Tax law.
Job industry: Accounting

How much does Tax Analyst make?

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


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Salary comparison to National average

Is Tax Analyst a well paid job?

Yes, our data shows that Tax Analyst 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 Analyst?

High salary for Tax Analyst would be somewhere between 12,688,771 ISK and 16,726,107 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tax Analyst 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: 11,535,246 ISK
Estimated Monthly Salary: 961,271 ISK
Estimated Weekly Salary: 221,832 ISK per week
Estimated Hourly Salary: 5,546 ISK per hour
By working as Tax Analyst a person can save up to 4,027 USD per month or 48,321 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 Analyst

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

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