Tax Compliance Consultant salary in Iceland

Average Yearly Salary of Tax Compliance Consultant in Iceland is approximately 11,575,726 ISK (80,568 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 Compliance Consultant do?

A tax compliance consultant is a professional who specializes in assisting individuals and businesses with their tax obligations. Their main responsibility is to ensure that clients comply with all relevant tax laws and regulations, while also minimizing their tax liabilities. They provide expert advice on tax planning strategies, help clients prepare and file their tax returns accurately and on time, and assist in resolving any tax-related issues or disputes with tax authorities. Additionally, they stay updated with the latest changes in tax laws and regulations to provide clients with accurate and up-to-date information. The role requires strong analytical skills, attention to detail, and excellent knowledge of tax legislation.

Skills: Tax compliance, Tax planning, Tax regulations, Tax consultant, Tax returns, Tax obligations
Job industry: Consulting

How much does Tax Compliance Consultant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Tax Compliance Consultant a well paid job?

Yes, our data shows that Tax Compliance Consultant 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 Compliance Consultant?

High salary for Tax Compliance Consultant would be somewhere between 12,733,299 ISK and 16,784,803 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tax Compliance Consultant 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: 11,575,726 ISK
Estimated Monthly Salary: 964,644 ISK
Estimated Weekly Salary: 222,610 ISK per week
Estimated Hourly Salary: 5,565 ISK per hour
By working as Tax Compliance Consultant a person can save up to 3,985 USD per month or 47,822 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 Compliance Consultant

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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