A VAT refund guide to Iceland

How to get VAT Refunds from Iceland for your business
Businesses registered in countries outside of Iceland can claim VAT refunds on any costs incurred in Iceland.
The below information details the requirements needed to be eligible for a VAT refund. This includes claimable expense types, Iceland VAT rates, deadlines and claiming periods.
Iceland

Which countries have reciprocity with Iceland?

All countries can claim

Learn more about how reciprocity works within VAT by clicking below.

What expenses are claimable in Iceland?

Entertainment

Entertainment
0%
Accommodation
11%

Events

Admission to Fairs & Exhibitions
24%
Training Courses & Seminars
24%

Travel Related

Hiring of Means of Transport
0%
Public Transport
0%
Taxis
11%

General Expenses

Goods
24%
Inter-company charges
24%
Office Expenses
24%
Marketing Costs
24%
Professional Fees & AP invoices
24%

Additional Information

Need help with your VAT refund from Iceland?

You don’t have to do this alone. We’ve been helping companies reclaim foreign VAT refunds for over 20 years. We have the knowledge and technology to process your refunds quicker as well as attend to any unforeseen VAT authority queries that may arise.

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