Tax Consultant salary in Iceland

Average Yearly Salary of Tax Consultant in Iceland is approximately 12,012,624 ISK (83,796 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 Consultant do?

A tax consultant is a professional who provides expert advice and guidance on tax-related matters to individuals, businesses, and organizations. Their primary role is to help clients navigate the complex world of taxation by ensuring compliance with tax laws and regulations, minimizing tax liabilities, and maximizing tax benefits and incentives. Tax consultants are responsible for analyzing financial records, preparing tax returns, identifying potential tax deductions and credits, and staying up-to-date with changes in tax legislation. They also assist in tax planning strategies, resolving tax disputes, and representing clients during tax audits.

Skills: tax consultant, tax advisor, tax expert, tax planning, tax compliance, tax law
Job industry: Accounting

How much does Tax 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 Consultant a well paid job?

Yes, our data shows that Tax 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 Consultant?

High salary for Tax Consultant would be somewhere between 13,213,886 ISK and 17,418,305 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tax 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: 12,012,624 ISK
Estimated Monthly Salary: 1,001,052 ISK
Estimated Weekly Salary: 231,012 ISK per week
Estimated Hourly Salary: 5,775 ISK per hour
By working as Tax Consultant a person can save up to 4,254 USD per month or 51,050 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 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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