Personal tax credits
Personal tax credit (persónuafsláttur) is a tax deduction you can use to reduce the tax withdrawn from your salary.
Personal tax credits are ISK 54.628. per month in the year 2020.
In the application for unemployment benefits you can choose whether and how you would like to use your tax credits.
If you have already submitted your application, you can change your tax credit settings through ‘My pages’.
You can find information on the status of your tax credits via Iceland Revenue and Customs’ website skattur.is