| Country: | Iceland |
| Title: | Social contributions for employees |
| Description: | There are two ways of declaring social contribution for employees (withheld tax and social security contribution), a web form for small enterprises (less than 30 employees) and, for companies which can generate an XML-document in their salary systems, a means of securely transmitting that form to the tax authorities. In both cases, following a verification procedure, an invoice is generated and transmitted to the banks. The invoice can then be settled electronically. |
| Link: | https://www.rsk.is/english/individuals/allowances-deductions-and-credits/ |
| Category: | Employment :: Labor |