Tax and Customs

Attorneys at LEX Law Offices possess extensive knowledge and considerable experience in tax and customs law, offering both advisory services and litigation support in these areas. LEX’s work in tax and customs matters is diverse, aligning with the varying needs of our clients. Often, projects involve advising on their current or planned operations or transactions, and, where applicable, assisting in obtaining binding rulings from the Director of Internal Revenue.

Our experts also have significant experience representing clients in tax and customs disputes before administrative authorities—responding to inquiries from tax authorities, submitting objections in tax assessment cases, acting as defence counsel in tax investigation proceedings, and litigating before the Internal Revenue Board and the courts, among others.

Tax law is a broad field that intersects with many other legal areas, meaning tax issues frequently arise within a wide range of cases. In such instances, other LEX attorneys can easily consult with our tax law experts for guidance.

LEX’s primary services in tax law include general advice for individuals and businesses, as well as drafting legal opinions on tax-related matters. We also advise foreign entities on operating in Iceland, addressing, for instance, local tax obligations, value-added tax, withholding obligations, remittance taxes, and double taxation treaties.

Additionally, LEX provides tax advice for other client projects, such as corporate and project financing, mergers and acquisitions, financial restructuring, corporate demergers and liquidations, changes in legal form, and the formation or restructuring of corporate groups. We defend the interests of individuals and businesses before Icelandic tax authorities, handle tax litigation against the Icelandic State, and serve as defense counsel in matters subject to investigation by the Directorate of Tax Investigations or other public authorities.