Iceland will no longer require Fiscal Representatives

10 May 2019

From July 2019, Iceland will drop the obligation for non-resident businesses trading in the country to appoint a fiscal representative. It means that from this date foreign businesses selling to Icelandic consumers will be able to register and declare local VAT via a general registration or through a new simplified registration scheme (which will only be used for sales of e-services, printed books or newspapers and tourism services).

A fiscal representative is a resident business that normally acts as the VAT agent, is responsible for the VAT records / filings / VAT payments and is jointly and severally liable for any unpaid VAT due in the country of sale.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UPDATE: EU warns 14 member states on delay in...

The European Commission (EC) has issued formal notice letters to 14 European Union (EU) member states, warning them on their failure to implement the four...

SEE MORE
LATEST NEWS

France relaxes conditions for Import VAT Postponed...

From January 2021, France will drop all requirements on businesses who are entitled to use the Import Value-Added Tax (VAT) Postponed Accounting regime in the...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.