VAT calculator for Ísland

Add VAT to a net amount or extract VAT from a gross amount. Uses Ísland's official rates, kept up to date.

VSK — Ísland

The annual turnover above which VAT registration becomes mandatory.

VAT registration threshold2.000.000 kr. velta á 12 mánaða tímabili
Tax authoritySkatturinnOpen the official website →
VAT rate
Net
ISK 100.00
VAT (24%)
ISK 24.00
Gross
ISK 124.00

VAT rates in Ísland

The rates currently in force, with the goods and services that fall under each one.

Standard rate24%
Almennt þrep
Reduced rate11%
Matvæli, bækur, gisting, tímarit, tónlist
Zero rate0%
Útflutningur