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Iceland VAT Calculator

Calculate VAT for transactions in Iceland easily. Current standard rate is 24.00%.

Standard Rate: 24.00%

Real-time rates Maintained VAT rate data

Country

Rate

Custom %

Iceland

Net Amount

=

Share & Details

Maintained VAT rate data Always up to date

Key Information

Current VAT Rates and formulas

Rate reference

Standard Rate: 24.00%
Reduced Rate: 11%

Currency: ISK · kr
Country Code: IS
EU Member: No

Calculation reference

Adding 24.00% VAT

Net × 1.24 = gross

kr100 net → kr124.00 gross

Removing 24.00% VAT

Gross ÷ 1.24 = net

kr100 gross → kr80.65 net