A Fiscal representative is a type of VAT agent who is responsible for the VAT compliance of its clients such as VAT records, filings and VAT payments. They are jointly and severally liable for any unpaid VAT. From the 1st of July 2019, Iceland has decided to do away with the obligation for non-residents businesses operating in the country to appoint a fiscal representative.
In lieu of the obligation to appoint a fiscal representative, foreign businesses selling in Iceland may register to declare local VAT via a general registration or through a new simplified registration scheme without a representative.
