Bitcoin Tax in Iceland (2026)

Taxed as incomeResearch in progressLast reviewed 2026-09-06

The full guide for this country is being researched

What is on this page is verified against the sources listed below. It records the tax authority and the shape of the regime. Still to be added once our research is reviewed: rates, exemptions and the reporting duty.

The Icelandic tax authority's virtual currency page states that the tax assessed on an individual for income of this type falls within the general tax bracket, and that this holds whether the acquisition of new virtual currency takes place outside or within business activity. The page states no separate rule for a private disposal of bitcoin.

Regime: Taxed as income
Tax authority: Skatturinn

Frequently asked questions

How does Iceland tax virtual currency income?

Skatturinn states that tax assessed on an individual for this type of income is in the general tax bracket whether new virtual currency is acquired inside or outside business activity.