Hver eru virðisaukaskattsþrepin á Íslandi?

Almenna virðisaukaskattsþrepið á Íslandi er 24% og gildir um flesta almenna vöru- og þjónustusölu. Lægra þrepið er 11% og nær yfir matvæli, gistingu, bækur, rafbækur, heitt vatn, rafmagn og ferðaþjónustu samkvæmt lögum nr. 50/1988.

Hvernig er virðisaukaskattur reiknaður af heildarverði (útskattur)?

Til að finna VSK út úr heildarverði með 24% skatti er heildarupphæðin margfölduð með 0,1935 (eða deilt með 1,24). Fyrir 11% VSK er margfaldað með 0,0991 (eða deilt með 1,11).

Hver er lágmarksupphæð til að fá endurgreiddan VSK (Tax-Free) fyrir erlenda ferðamenn?

Kaupverð á einni og sömu sölukvittun verður að vera að lágmarki 12.000 kr. með VSK til að hægt sé að sækja um Tax-Free endurgreiðslu á Keflavíkurflugvelli eða Seyðisfirði.

Hvernig eru tollar og innflutningsgjöld reiknuð við sendingu til Íslands?

Innflutningsgjöld reiknast af CIF-tollverði (verð vöru + trygging + flutningskostnaður). Fyrst er tollur lagður á CIF-verðið og síðan 24% VSK ofan á samtölu CIF-verðs, tolls og afgreiðslugjalds flutningsaðila.

SKATTURINN & STATE TREASURY 📅 2026 Deadlines Calendar Act No. 50/1988 Art. 24

Iceland VAT Return & Deadlines Calendar (Output vs Input VAT)

Calculate bi-monthly Icelandic VAT settlements between output VAT collected on sales and deductible input VAT paid on operational expenses. View official statutory due dates, payment deadlines, and late payment surcharge rules.

Select VAT Settlement Period:

🕒 Statutory Return & Payment Deadline: April 5, 2026

Electronic submission via RSK service portal (skattur.is)

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Output VAT (Sales in Period)

VAT collected from commercial customers

Sales at 24% Standard Rate (excl. VAT): VAT: 840,000 ISK

Sales at 11% Reduced Rate (Food/Hotel): VAT: 55,000 ISK

TOTAL OUTPUT VAT: 895,000 ISK

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Input VAT (Expenses & Purchases)

VAT paid on deductible operational invoices

Purchases at 24% VAT (excl. VAT): VAT: 288,000 ISK

Purchases at 11% VAT: VAT: 16,500 ISK

TOTAL DEDUCTIBLE INPUT VAT: -304,500 ISK

FINAL VAT SETTLEMENT BALANCE

Payment Due to Skatturinn (State Treasury)

590,500 ISK

Due: April 5, 2026

Output VAT (Collected on Sales): 895,000 ISK

Input VAT (Deductible on Operating Expenses): -304,500 ISK

Net Settlement Amount: 590,500 ISK

⚠️ Statutory Penalties for Late Filing or Unpaid VAT

According to Article 27 of Icelandic VAT Act No. 50/1988, an immediate 10% statutory surcharge applies to any unpaid VAT if full payment is not made on or before the final due date (the 5th of the second month following period end). In addition, mandatory Central Bank default interest accrues daily from the initial due date until full settlement.

Official 2026 VAT Settlement Periods & Deadlines

Settlement Period	Covered Months	Filing & Payment Due Date	Official Status
1st Period	January – February	April 5, 2026	General Due Date
2nd Period	March – April	June 5, 2026	General Due Date
3rd Period	May – June	August 5, 2026	General Due Date
4th Period	July – August	October 5, 2026	General Due Date
5th Period	September – October	December 5, 2026	General Due Date
6th Period	November – December	February 5, 2027	General Due Date

Frequently Asked Questions About Iceland VAT Returns (5 Answers)

When are Icelandic VAT returns and payment deadlines due?

General VAT in Iceland is settled bi-monthly. The statutory due date and payment deadline is the 5th day of the second month after the end of each two-month period (e.g., April 5 for Jan–Feb).

What are the 6 statutory VAT settlement periods in Iceland for 2026?

Jan–Feb (Due April 5), Mar–Apr (Due June 5), May–Jun (Due August 5), Jul–Aug (Due October 5), Sep–Oct (Due December 5), and Nov–Dec (Due February 5 of the next year).

What penalties and interest apply to late VAT payments in Iceland?

A 10% statutory surcharge is automatically assessed on unpaid VAT after the final deadline, along with Central Bank of Iceland default interest calculated from the due date.

How is Input VAT deducted against Output VAT?

Net VAT Payable = Output VAT (collected on sales) minus Input VAT (paid on eligible business supplies, services, and inventory).

What happens if Input VAT exceeds Output VAT?

If deductible Input VAT exceeds Output VAT, a credit balance is created and Skatturinn reimburses the surplus directly to your company's designated bank account.