Foreign VAT Refunds Guide from Iceland

The following information details the requirements needed to be eligible for a VAT refund in Iceland. These include claimable expense types, the Iceland VAT rates and deadlines, as well as claiming periods.

What Expenses are Claimable for VAT Refund in the Iceland?

Hotel & Accommodation
0 %
0 %
Conf, Trade Shows & Expo
0 %
Public Transport
0 %
0 %
Marketing Costs
10 %
Professional Fees
10 %
Car Rental
0 %
Training, Courses & Seminar
10 %

What are the Iceland VAT Rates?

Iceland divides VAT rates into the following three categories:

Applies to all goods and services.
Applies to certain good and services such as hotel accommodation, admission to cultural events, and some food and drink items.
Applies to certain food items, books, and newspapers

How to Get VAT Refunds from Iceland for Your Business?

VAT Refunds Guide for EU Companies
VAT Refunds Guide for Non-EU Companies

Frequently Asked Questions About Iceland VAT Recovery

It can take up to 4 months for a VAT refund to be processed by the Iceland Tax Authority depending on the complexity of the claim.

Need Help with Your VAT Refund from Iceland?

We have helped companies reclaim €200+ M in VAT refunds over the last eight years. Our expertise and technology allow us to process your refund quickly and automatically.

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