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Iceland VAT Calculator
Standard VAT rate: 24% · Currency: ISK (kr)
Enter an amount to calculate VAT
Iceland VAT Rates
Standard Rate24%
Reduced Rate11%
Zero Rate0%
Quick Reference
kr100 + 24% VATkr124.00
kr500 + 24% VATkr620.00
kr1000 + 24% VATkr1240.00
Iceland VAT — Everything You Need to Know
Iceland applies a standard VAT rate of 24% on most goods and services. Reduced rates of 11% apply to certain categories such as food, books, and healthcare.
How to Calculate Iceland VAT
Add 24% VAT: Multiply the net price by 1.24. Example: kr100 × 1.24 = kr124.00
Remove 24% VAT: Divide the gross price by 1.24. Example: kr124.00 ÷ 1.24 = kr100.00