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.
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