EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
In August 2023, Iceland implemented amendments to the Foreign Nationals Act that introduce new benefits for residence permit holders. The changes impact individuals who apply for, or hold, residence permits based on employment under the following categories (i) Expert Knowledge; (ii) Specialized Staff with a Collaboration or Service Contract; and (iii) Labor Shortage. In addition, the implemented changes impact dependents of primary applicants and international students in Iceland.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.