BBA//Fjeldco‘s tax group works closely with other departments across the firm to provide a comprehensive service to a diverse range of clients, including domestic banks, energy companies, and private equity houses. The team has a track record in advising on complex international and cross-border mandates, and covers a broad range of areas including M&A transactions, due diligence work, and VAT matters, in addition to tax disputes. Team lead Páll Jóhannesson is a highly experienced tax specialist, and regularly acts for both domestic and international clients. Associate Austri Þorsteinsson is also a name to note within the team.

Deloitte Legal ehf. is a leading name for the full gamut of tax matters in Iceland, spanning business taxes, indirect tax issues, transfer pricing work, and tax issues related to M&A and other transactions. Benefiting from the broad expertise and international network of the firm, the department caters to a prestige client base of domestic and international groups. Guðbjörg Þorsteinsdóttir is highly experienced in tax matters across a diverse range of industries; she co-leads the department alongside Haraldur Birgisson, who is managing partner and leads on transfer pricing matters. Arnor Hallson handles both corporate and individual tax matters.

LOGOS‘ ‘reliable, smart and fast thinking‘ team is a leading name in the market for tax disputes, with a strong track record in litigation before the relevant authorities, and at all levels of the Icelandic courts. The group additionally handles a broad range of non-contentious tax matters, including handling due diligence work relating to M&A transactions, as well as advising on financial restructurings and investments. Bjarnfreður Ólafsson is described by clients as ‘arguably Iceland’s best tax lawyer’, and is a prominent expert in VAT matters. Ólafsson co-leads the department with Jón Elvar Guðmundsson, a highly active thought leader with significant experience in tax disputes.

ADVEL Attorneys at Law advises clients on a diverse selection of tax matters across all business sectors, including the technology and financial services industries. The group advises on corporate tax and VAT issues for both domestic and international clients, with experience in corporate financing, restructuring, and financial services work. Ragnar Guðmundsson co-leads the department alongside Bjarni Þór Bjarnason.

KPMG Law in Iceland fields a team with notable strength in cross-border matters, benefiting from the firm’s strong international network. The group is highly active in thought leadership in the practice area, engaging directly with evolving regulations and client objectives. Ágúst Karl Guðmundsson, who is a key name for transfer pricing work, co-leads the department alongside M&A tax expert Soffía Eydís Björgvinsdóttir, and Jónas Rafn Tómasson.

Lex Law Offices advises clients on tax issues across a diverse range of work, including corporate financings, M&A, financial restructurings, and winding-up proceedings. Team lead Garðar Víðir Gunnarsson focuses on corporate taxation and cross-border investments, and is a prominent name for commercial arbitration proceedings. Guðrún Lilja Sigurðardóttir made partner in January 2023, and advises both large and small companies on tax and corporate law.

Juris‘ tax department operates within the firm’s full-service offering, providing clients with comprehensive commercial guidance. The group is experienced in both contentious and non-contentious mandates, and has a track record in acting for prominent high-net-worth individuals. The team is led by Halldór Jónsson, who has a long history in the practice area. Associate Jenný Harðardóttir provides key support.