Top taxpayer for 2025 paid a billion in tax

Daníel Sigurðsson, the CEO of DS Lausnir, has been recognized as the top taxpayer for 2025, having paid approximately 942 million Icelandic króna in capital gains tax. His total capital income for the previous year amounted to nearly 4.3 billion ISK, according to the national tax registry. This income is derived from taxable capital gains, which include interest, rental income, dividends, sales profits, and copyright payments.

Sigurðsson founded DS Lausnir in 2002. The company specializes in the sale, rental, and service of construction cranes. He held a 100% stake in the company until last year when Fagkaup acquired a 70% share. In the past year, DS Lausnir reported revenues of 2.5 billion ISK and a profit of 581 million ISK, an increase from 491 million ISK in 2024. The company's assets were valued at 3.5 billion ISK at year-end, with equity reaching 3 billion ISK.

Sigurðsson was not the only high earner. A total of twelve Icelanders reported capital income exceeding one billion ISK for 2025. Among them was Sigurður Gísli Pálmason, the former owner of IKEA in Iceland and the Baltic states. He paid 696 million ISK in capital gains tax, with his capital income totaling around 3.2 billion ISK last year. Sigurður Gísli and his brother Jón Pálmason sold their operations in Estonia, Latvia, and Lithuania in 2024. Sigurður Gísli also sold his share in Iceland's IKEA to his brother Jón. Jón Pálmason's capital income was nearly 1.3 billion ISK in 2025.