Iceland VAT (VSK) calculator 2027
This edition computes with the officially published parameters for tax year 2027; the source of every value is listed below. For the current tax year 2026, use the regular calculator.
NetISK 100
VAT (24 %)ISK 24
GrossISK 124
Sources and verification
Dataset last reviewed 2026-09-13 · tax year 2027 · 2 documented values
Rates and thresholds use official primary sources where available, reputable secondary sources when primary access is unavailable, and clearly labelled derived formulas. Each value retains its verification status.
1 sources
- Skatturinn (Icelandic Revenue and Customs) — Skatturinn: Virðisaukaskattur - almennt þrep 24%
⚠️ Informational estimate, not tax advice. Payroll software may differ in edge cases. Verify with a professional.
Iceland tax guides
- How Income Tax Works in Iceland (2026): Three Monthly Brackets and the Personal Tax Credit →
- Social Contributions in Iceland (2026): Pension 4%, Employer Tryggingagjald 6.35% Explained →
- Self-Employed Taxes in Iceland (2026): Reiknad Endurgjald, Income Tax and Tryggingagjald →
- How VAT (VSK) Works in Iceland (2026): 24% Standard Rate, 11% Reduced Rate and Registration →