VATLive > Blog > Iceland > Iceland cuts VAT rate

Iceland cuts VAT rate

  • Dec 24, 2018 | Richard Asquith

Iceland has confirmed that it will reduce its VAT rate from 24% to 22.5% from 1 January 2019. This will include a cut in the rate applied to e-books and online journals, which will be recatgorised from the standard rate to the nil rate.


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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.