VAT calculator › Iceland

VSK calculator for Iceland

Add or remove VSK at 24% or any other Iceland rate.

Country

VSK rate

Amount without VSK (net)

ISK

Without VSK

ISK 100

VSK at 24%

ISK 24

With VSK

ISK 124

ISK 100 × 24% = ISK 24 VSK. ISK 100 × 1.24 = ISK 124.

VSK rates in Iceland

Rate	ISK 100 net becomes	VSK inside ISK 100 gross
24% (standard)	ISK 124	ISK 19
11%	ISK 111	ISK 10

Worked examples at 24%

Adding VSK: ISK 250 × 1.24 = ISK 310 (ISK 60 VSK).
Removing VSK: ISK 250 ÷ 1.24 = ISK 202 (ISK 48 VSK).

Invoicing with VSK

If you're registered for VSK, your invoices need to show the amount without tax, the rate and the VSK separately. Our free invoice generator works it out and lays it out for you.

Questions people ask

›What is the VSK rate in Iceland?

The standard rate is 24%. Reduced rates of 11% apply to some goods and services. Rates checked October 2026.

›How do I add 24% VSK?

Multiply the net price by 1.24. For example, ISK 100 becomes ISK 124, of which ISK 24 is VSK.

›How do I remove 24% VSK from a price?

Divide the gross price by 1.24. For example, ISK 100 including VSK is ISK 81 without it, so the VSK is ISK 19.