# Iceland VAT calculator & rates 2026 | WebKoding

Iceland's standard VAT rate is 24%, reduced 11%. Add or remove VAT from any amount.

Source: https://webkodingtheme.com/tools/vat/iceland/

---

Free tool

# Iceland VAT (VSK) rates 2026 and calculator

The standard VAT (VSK) rate in Iceland is 24%, with reduced rates of 11%. Rates checked on 30 October 2026.

Amount ( ISK ) Rate 24% — standard 11%
Add VAT to a net price Take VAT out of a gross price
Net ISK 10,000
VAT 24% ISK 2,400
Gross ISK 12,400

## VAT rates in Iceland

24% standard
11% Reduced

## Worked example

At 24% , a price of ISK 10,000 before VAT becomes ISK 12,400 , of which ISK 2,400 is VAT .
The other way round, ISK 10,000 including VAT is ISK 8,065 before it — divide by 1.24 rather than taking 24% off, which is the usual mistake.
1 of the 16 non-EU European countries on this site charge more.

## Charging Iceland VAT in WooCommerce

Under WooCommerce → Settings → Tax → Standard rates, add a row with the country code IS and a rate of 24 , leaving the state and postcode empty. Reduced rates go in their own tax class, each with a IS row, and the products that qualify are assigned to it.
If one product you sell is really two things taxed at different rates — a meal deal with food and drink in it, a gift box with a book — a single tax class cannot be right for it. SplitVAT divides that product's price across the tax classes you already have, so the order shows each part at its own rate. It is our plugin, and you only need it if your products are like that.

## Other countries

### Europe

- United Kingdom20%
- Norway25%
- Switzerland8.1%
- Iceland24%
- Turkey20%
- Serbia20%
- Ukraine20%
- Russia22%
- Kazakhstan16%
- Albania20%
- North Macedonia18%
- Montenegro21%
- Bosnia and Herzegovina17%
- Moldova20%
- Georgia18%
- Armenia20%

### Middle East

- Saudi Arabia15%
- United Arab Emirates5%
- Bahrain10%
- Oman5%
- Egypt14%
- Jordan16%
- Israel18%

### Asia-Pacific

- Australia10%
- New Zealand15%
- Japan10%
- Singapore9%
- South Korea10%
- India18%
- China13%
- Taiwan5%
- Thailand7%
- Vietnam10%
- Philippines12%
- Pakistan18%
- Bangladesh15%
- Sri Lanka18%

### Americas

- Canada5%
- Mexico16%
- Argentina21%
- Chile19%
- Colombia19%
- Peru18%
- Uruguay22%
- Costa Rica13%
- Dominican Republic18%
- Paraguay10%
- Bolivia13%

### Africa

- South Africa15%
- Nigeria7.5%
- Kenya16%
- Morocco20%
- Tunisia19%
- Algeria19%
- Tanzania18%
- Uganda18%
- Ethiopia15%
The 27 EU member states have their own pages: EU VAT calculator .

## Where these rates come from

Rates checked on 30 October 2026 . Two published rate tables were compared, and every rate they disagreed on — or that had changed since either was written — was checked against the tax authority or a tax adviser’s published guidance. Rates and the goods they apply to change; confirm with the national tax authority before you file.
The calculator runs in your browser. Nothing you type is sent anywhere.