Icelanders’ Personal Income Published Skip to content

Icelanders’ Personal Income Published

The Personal Income Issue (Tekjublaðið) of Frjáls verslun (Free Trade) magazine has just been published. The issue is published annually and includes information regarding the monthly income of a number of Icelanders, based on public figures provided by tax authoirites.

Yesterday, information regarding local taxes assessed to individuals was made available by the Directorate of Internal Revenue. Through July 13, anyone can walk into the offices of the Directorate and look up these records.

The Personal Income Issue makes the information more accessible by converting the local tax into monthly income figures for each individual. It singles out information regarding the income of well known individuals in Icelandic society and sorts it according to profession. Frjáls verslun is published by Heimur hf., which also publishes Iceland Review.

The current Personal Income Issue lists the monthly income of 3,725 Icelanders. Those include company directors and CEOs, directors and employees of financial firms, entrepreneurs, goverment ministers, members of parliament, municipal directors, heads of organized interest groups, heads of state-run companies, lawyers, certified public accountants, doctors and nurses, dentists, pilots, engineers, church ministers, adveritsing executives, artists, athletes, media personalities, educators, fishermen and directors of companies in the fishing industry.

The earner of the title ‘Iceland’s King of Taxes’ had a monthly income of about ISK 48,000,000 (USD 390,000, EUR 351,000). He is the board director of a financial firm. He is closely followed by the director of an investment firm. By contrast, the highest earning educator received ISK 2,421,000 (USD 19,700, EUR 17,700) a month and the highest earning artist received ISK 2,636,000 (USD 21,400, EUR 19,300) a month.

The Personal Income Issue is available for purchase in stores throughout the country.

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