VATLive > Blog > European News > Iceland ends Fiscal Representative obligation

Iceland ends Fiscal Representative obligation


Iceland is to drop the obligation for non-resident, foreign VAT payers to appoint a fiscal representative. From 1 July 2019, foreign businesses selling to Icelandic consumers may register to declare local VAT via a general registration or through a new simplified registration scheme without a representative. 

The new simplified scheme may only be used for sales of e-services, printed books or newspapers and tourism services.

Fiscal representatives are special types of VAT agents, responsible for the VAT records, filings and VAT payments. They are jointly and severally liable for any unpaid VAT, and therefore typically demand bank guarantees or deposits from their clients.


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 is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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