Scope and Purpose
VSK-IS (vsk-is.com) provides informational tools, educational guides, and interactive calculators concerning Icelandic value-added tax (VSK), payroll withholding, customs duties, and tourist tax-free shopping refunds.
Access to all calculators and guides is 100% free of charge and does not require user registration, logins, or personal identification.
Disclaimer of Liability for Calculations
All calculator models are built in accordance with official Icelandic legislation (such as Act No. 50/1988 on Value Added Tax, Income Tax Act No. 90/2003, and Customs Act No. 88/2005) and regulatory announcements for 2026.
Intellectual Property & Acceptable Use
All website copy, interactive algorithms, visual layouts, and explanatory materials are protected under Icelandic copyright law (Act No. 73/1972):
- Permitted Use: Individuals, businesses, and tourists are welcome to freely use the calculators and link to any page on this site.
- Prohibited Use: Bulk scraping, automated re-publishing of calculator source code, or unauthorized commercial resale without written permission is strictly prohibited.
External Links to Official Resources
For convenience, VSK-IS references official government and regulatory authorities in Iceland:
- Skatturinn: skatturinn.is (Iceland Revenue and Customs)
- Central Bank of Iceland: sedlabanki.is (Official exchange rates)
- Alþingi: althingi.is (Statutory texts and parliamentary bills)
Browser Privacy & Data Security
We strictly respect your privacy:
- All computational logic runs directly within your web browser (client-side execution).
- No salary amounts, purchase sums, or financial records entered into form fields are transmitted or stored on external servers.
Governing Law & Jurisdiction
These terms and any disputes arising from the use of this website shall be governed by and construed in accordance with the laws of Iceland, subject to the jurisdiction of the District Court of Reykjavík.
Frequently Asked Questions on Terms (5 answers)
Are calculations from VSK-IS legally binding for tax filing?
No. Our calculators provide accurate estimations based on statutory formulas, but only Skatturinn (Iceland Revenue and Customs) issues legally binding tax decisions.
Can companies use these calculators for commercial planning?
Yes, businesses, contractors, and tourists are free to use our calculators for operational budgeting, quoting, and invoice verification.
Is there any fee or subscription required?
No, VSK-IS is completely free with no hidden charges or subscriptions.
How can I report a discrepancy in 2026 rates?
We welcome feedback. Please reach out to postur@vsk-is.com and our team will review the calculation model immediately.
Does VSK-IS track or store my salary or customs queries?
No. All inputs remain strictly inside your browser memory and are wiped when you close or refresh the tab.