Tax

KPMG Law in Iceland

KPMG Law in Iceland, which is praised as ‘the best tax team in Iceland today’, has exceptional expertise in the field of tax law, offering services across all aspects of domestic and international tax matters. Ágúst Karl Guðmundsson and Soffía Eydís Björgvinsdóttir jointly lead the team; Guðmundsson specialises in tax structuring and cross-border transactions, and Björgvinsdóttir focuses on tax administration, due diligence, and other financial services issues. Jónas Rafn Tómasson is renowned for his knowledge of complex tax structures, while Ásgeir Skorri Thoroddsen and Hrafnkell Óskarsson also attract praise.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Jónas Rafn Tómasson and Ágúst Karl Guðmundsson both have superior knowledge of corporate law and the tax consequences of complex structures, which means that their firm is number one.'
‘Simply the best tax team in Iceland today when it comes to knowledge, experience and professionalism. Their knowledge of business operations and accounting is of great importance for the overall result.'
‘The KPMG Tax practice is a leading tax practice in Iceland. I have worked with the team on local projects as well as complex cross-border M&A transactions and the KPMG tax team has in every instance delivered in a professional and timely manner.'
‘I have used KPMG Tax services for many years. I have always received excellent service, their mindset is service focused, and availability is exceptionally good. Very good knowledge and experience within KPMG tax.'
‘The team's knowledge and understanding of local and international tax issues as well as integration with other practice areas at KPMG is what sets the KPMG Tax team apart from other similar practices in Iceland.'
‘The team has been extremely supportive, thinking pro-actively, coming up with solutions of problems before they occur. They are knowledgeable, sincere and efficient.'
‘I have worked with both Ásgeir Skorri Thoroddsen and Hrafnkell Oskarsson and they put a lot of effort and care into giving me the correct answers and advice. They don't assume anything and always make sure that they are answering the right questions.'

Key clients

Arion Banki hf.
Landsbankinn hf.
Marel hf.
Eimskip hf.
Össur hf.
Ardian Infrastructure
Air Atlanta
PT Capital

Work highlights

Advised on a buy-side due diligence review of TM for Landsbankinn hf. as part of its acquisition of the insurance company from Kvika Bank.
Advised Ardian Infrastructure during its acquisition of Verne Global’s data centre operations in Iceland.
Advised during the sale of IKEA operations in Estonia, Latvia, and Lithuania.