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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Researching Icelandic VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara