VAT calculator for Iceland
Add VAT to a net amount or extract VAT from a gross amount. Uses Iceland's official rates, kept up to date.
VSK — Iceland
The annual turnover above which VAT registration becomes mandatory.
VAT registration thresholdISK 2,000,000 annual turnover
Tax authoritySkatturinnOpen the official website →
VAT rate
Net
ISKÂ 100.00
VAT (24%)
ISKÂ 24.00
Gross
ISKÂ 124.00
VAT rates in Iceland
The rates currently in force, with the goods and services that fall under each one.
Standard rate24%
Standard rateReduced rate11%
Food, books, hotels, periodicals, musicZero rate0%
Exports