Fees levied in assessment

Persons 16-70 years of age, in the income year, who bear unlimited tax liability in Iceland are liable to pay a contribution to The Senior Citizen's Construction Fund (Is. gjald í framkvæmdasjóð aldraðra) as well as a special fee to The Icelandic National Broadcasting Service (Is. útvarpsgjald). Both fees are levied in tax assessment following the income year.

People resident in Iceland are among those who bear unlimited tax liability as well as those who dwell in Iceland for more than a total of 183 days in every 12-month period. Included are periods abroad brought on by normal causes, such as vacation.

Pensioners, including disability pensioners, under the age of 70 years in the income year who live in a residential (Is. dvalarheimili) or a nursing home (Is. hjúkrunarheimili) are exempt.

Both fees are levied when annual income tax base exceeds a certain income threshold for the year preceding the tax assessment year. That includes capital income. The income threshold is adjusted annually. In the case of married couples or people with joint taxation the joint capital income is divided in equal portions between them when the income criteria is determined.

Only individuals are subject to pay a contribution to The Senior Citizen's Construction Fund. The fee to The National Broadcasting Service is also levied on legal entities.

Assessment year 2025

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	14,093 kr.	2,474,942 kr.
The Icelandic National Broadcasting Service	21,400 kr.	2,474,942 kr.

Previous years

Assessment year 2024

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	13,749 kr.	2,276,569 kr.
The Icelandic National Broadcasting Service	20,900 kr.	2,276,569 kr.

Assessment year 2023

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	13,284 kr.	2,057,211 kr.
The Icelandic National Broadcasting Service	20,200 kr.	2,057,211 kr.

Assessment year 2022

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	12,334 kr.	1,938,025 kr.
The Icelandic National Broadcasting Service	18,800 kr.	1,938,025 kr.

Assessment year 2021

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	12,034 kr.	1,870,828 kr.
The Icelandic National Broadcasting Service	18,300 kr.	1,870,828 kr.

Assessment year 2020

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	11,740 kr.	1,833,671 kr.
The Icelandic National Broadcasting Service	17,900 kr.	1,833,671 kr.

Assessment year 2019

Fee / contribution	Amount	Annual income threshold
The Senior Citizen's Construction Fund	11,454 kr.	1,750,783 kr.
The Icelandic National Broadcasting Service	17,500 kr.	1,750,783 kr.