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VAT calculator · Iceland
Add VAT to a net price or remove VAT from a gross price.
VAT calculator
VAT rates · Iceland
Standard rate24%
Reduced or special rate11%
Source: www.skatturinn.is · Checked on October 28, 2026. Reduced and special rates apply only to certain goods, services or regions.
Questions and answers
What is the VAT rate?
Standard rate: 24% · Reduced or special rate: 11%.
How do I remove VAT from a price?
Divide the gross price by one plus the rate. For example, with a 20 percent rate, divide by 1.2.