Reykjavik Paycheck Calculator
Salary Calculator
Enter your gross salary below and calculate your take-home pay after taxes and deductions.
📍Calculating for: Reykjavik, Iceland
💰Currency: ISK•📊Rates updated regularly
Tax Information for Reykjavik
Location Details
- Country:
- Iceland
- City:
- Reykjavik
- Currency:
- ISK
Tax Rates
- Income Tax:
- 31.8%
- Social Security:
- 4.0%
- Other Deductions:
- 2.0%
- Total Tax Rate:
- 37.8%
Note: Tax rates are approximate and for estimation purposes only. Actual tax calculations may vary based on individual circumstances, deductions, and current tax laws. Please consult a tax professional for precise calculations.
Local insight
What to expect in Reykjavik, Iceland
Historic settlement with cultural heritage
Data source
Iceland Tax Authority
Last reviewed
2025-08-06
Scenario
ISK 50,000 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
Scenario
ISK 100,000 gross salary
Adjust the calculator for bonuses, deductions, and payroll frequency to see personalised results.
📍 Reykjavik City Information
Learn more about Reykjavik, Iceland including population, timezone, economic level and other important data.
Population
Approximately 302,870 people
Current Time
04:11 (Reykjavik)
Economic Level
Tax Year
Data updated on 2025-08-06
🏙️ City Highlights
Historic settlement with cultural heritage
Data Source: Iceland Tax Authority | Description: Tax rates for Reykjavik including all standard Iceland deductions
💡 Frequently Asked Questions
🎯 How accurate is this calculator?
Our calculator uses current tax rates for Reykjavik, Iceland. While highly accurate for most situations, individual circumstances may vary.
📊 What deductions are included?
Income tax, social security, medicare (where applicable), and other standard deductions for Reykjavik, Iceland.
📅 Annual vs Monthly calculations?
Switch between annual and monthly using the toggle. Results automatically adjust for your selected period.
🔒 Is my data secure?
All calculations are done locally in your browser. We don't store or track your salary information.