The incident occurred Monday when a man in his 50s fired at police from his apartment window in Reykjavik, the Iceland Review reported.
Officers came under fire as they tried to enter the man's apartment, police told reporters at a press conference. Officers shot at the man to subdue him and he was taken to a hospital where he died.
It was unclear why police were at the man's apartment.
A special prosecutor was to investigate the shooting, the Iceland Review said.
Duggar sisters unveil Christian dating rules in new book
McPhee, Cokas 'working on their marriage' after affair