Ten Billion ISK Lost Due to “Black” Employment Skip to content

Ten Billion ISK Lost Due to “Black” Employment

Of 6,176 employees in 2,136 work places visited by the staff of the Commissioner of Inland Revenue, the Icelandic Confederation of Labor (ASÍ) and the Confederation of Icelandic Employers (SA), 737, or 12 percent, were not registered to pay taxes.

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Photo by Páll Stefánsson.

At more than half of operators visited, there were cases of regulations not being fully complied with, and approximately 25 percent of employers required guidance to that regard, Morgunbladid reports.

An initiative aimed at encouraging employers to fulfill their tax obligations is currently ongoing. Tíund, the newsletter of the Commissioner of Inland Revenue, asks whether those who evade taxes are actually proud of that fact.

Jóhann G. Ásgrímsson, who heads the initiative, said the Commissioner of Inland Revenue lacks resources for supervision, pointing out that lost income due to “black” employment alone amounts to more than ISK 10 billion (USD 87 million, EUR 62 million) annually.

ESA

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