Key documents
General
iThe General section provides a high-level overview of fiscalization and retail compliance requirements in each country. It may include country information, type of fiscalization model, main obligations and practical compliance context. This section helps users quickly understand how the country’s fiscal system works.
Legal
iThe Legal section covers the rules and official information needed to understand fiscalization and related compliance obligations in each country. It includes official laws, draft regulations, tax authority guidance, public consultations, legal interpretations, and updates on upcoming regulatory changes. This section helps users identify the legal basis of each requirement and follow the regulatory context behind fiscal, e-invoicing, e-reporting and retail compliance obligations.
Last news published on: 16.09.2026 | News: 10
Last document published on: 16.09.2026 | Documents: 10
Highlight
Businesses must still issue a proof of purchase, such as a receipt or invoice, to customers.
Iceland
Although businesses must issue a proof of purchase, there is no obligation for POS systems to communicate transaction data to the tax authority. POS applications do not require government certification, and there are no mandatory hardware requirements.
Type of fiscalization: non-fiscal country
There are no strict rules or a legally mandated fiscalization system for cash registers or POS systems.
Latest news for Iceland
See moreNew document was uploaded: Country overview - Iceland
Iceland
Author: Ema Stamenković
This document provides a high-level overview of Iceland’s retail compliance environment, including POS requirements, fiscalization status, receipts, invoices and the main applicable laws.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document provides a high-level overview of Iceland’s retail compliance environment, including POS requirements, fiscalization status, receipts, invoices and the main applicable laws.
Iceland
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16.09.2026.
11:36H
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Author: Ema Stamenković
New document was uploaded: Legal requirements - Iceland
Iceland
Author: Ema Stamenković
This document provides a comprehensive overview of Iceland’s retail legal requirements, covering VAT, POS and cash registers, business processes, documents, reporting, e-invoicing, archiving and compliance.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document provides a comprehensive overview of Iceland’s retail legal requirements, covering VAT, POS and cash registers, business processes, documents, reporting, e-invoicing, archiving and compliance.
Iceland
|
16.09.2026.
11:36H
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Author: Ema Stamenković
New document was uploaded: E - invoicing system in Iceland
Iceland
Author: Ema Stamenković
This document explains Iceland’s e-invoicing framework, including mandatory B2G e-invoicing, voluntary B2B use, accepted formats, invoice requirements and archiving rules.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document explains Iceland’s e-invoicing framework, including mandatory B2G e-invoicing, voluntary B2B use, accepted formats, invoice requirements and archiving rules.
Iceland
|
16.09.2026.
11:35H
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Author: Ema Stamenković
New document was uploaded: Payment methods in Iceland
Iceland
Author: Ema Stamenković
This document provides an overview of payment methods in Iceland, focusing on cash, debit and credit cards, digital wallets and bank transfers.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document provides an overview of payment methods in Iceland, focusing on cash, debit and credit cards, digital wallets and bank transfers.
Iceland
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16.09.2026.
11:35H
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Author: Ema Stamenković
New document was uploaded: Important Characteristics of the System - Iceland
Iceland
Author: Ema Stamenković
The purpose of this document is to emphasize the most important characteristics and requirements regarding receipts, invoices, return policies, online sales, record keeping, cash registers, VAT recording, penalties and store registration in the system of Japan.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThe purpose of this document is to emphasize the most important characteristics and requirements regarding receipts, invoices, return policies, online sales, record keeping, cash registers, VAT recording, penalties and store registration in the system of Japan.
Iceland
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16.09.2026.
11:35H
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Author: Ema Stamenković
New document was uploaded: Legal Q&A - Iceland
Iceland
Author: Ema Stamenković
The Q&A document is an essential resource that provides clear answers to the most frequently asked questions in retail. It saves valuable time by consolidating complex information into a practical and accessible format. Prepared by our team of experienced experts, it addresses key issues such as document types, business processes, the registration process and the applicable laws and regulations.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThe Q&A document is an essential resource that provides clear answers to the most frequently asked questions in retail. It saves valuable time by consolidating complex information into a practical and accessible format. Prepared by our team of experienced experts, it addresses key issues such as document types, business processes, the registration process and the applicable laws and regulations.
Iceland
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16.09.2026.
11:35H
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Author: Ema Stamenković
Most important documents for Iceland
See moreThe Value Added Tax Act No.501988
Iceland
Author: Ema Stamenković
Iceland’s Value Added Tax Act regulates VAT liability, taxable transactions, tax rates, VAT accounting, invoicing, reporting, payment, imports, refunds and penalties.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginIceland’s Value Added Tax Act regulates VAT liability, taxable transactions, tax rates, VAT accounting, invoicing, reporting, payment, imports, refunds and penalties.
Iceland
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16.09.2026.
11:34H
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Author: Ema Stamenković
The Consumer Purchases Act No. 482003 (EN)
Iceland
Author: Ema Stamenković
Iceland’s Consumer Purchase Act sets the rules for B2C sales, including delivery, product defects, consumer and seller obligations, remedies, cancellations, returns and damages.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginIceland’s Consumer Purchase Act sets the rules for B2C sales, including delivery, product defects, consumer and seller obligations, remedies, cancellations, returns and damages.
Iceland
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16.09.2026.
11:34H
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Author: Ema Stamenković
Regulation No. 5052013 (EN)
Iceland
Author: Ema Stamenković
Iceland’s Regulation No. 505/2013 sets the rules for electronic invoices, electronic accounting, data storage, document traceability, system controls and electronic data exchange.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginIceland’s Regulation No. 505/2013 sets the rules for electronic invoices, electronic accounting, data storage, document traceability, system controls and electronic data exchange.
Iceland
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16.09.2026.
11:34H
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Author: Ema Stamenković
Accounting Act No. 1451994 (EN)
Iceland
Author: Ema Stamenković
Iceland’s Accounting Act sets the core rules for bookkeeping, accounting records, annual accounts, document retention, internal controls, audits and penalties for accounting violations.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginIceland’s Accounting Act sets the core rules for bookkeeping, accounting records, annual accounts, document retention, internal controls, audits and penalties for accounting violations.
Iceland
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16.09.2026.
11:33H
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Author: Ema Stamenković
E - invoicing system in Iceland
Iceland
Author: Ema Stamenković
This document explains Iceland’s e-invoicing framework, including mandatory B2G e-invoicing, voluntary B2B use, accepted formats, invoice requirements and archiving rules.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document explains Iceland’s e-invoicing framework, including mandatory B2G e-invoicing, voluntary B2B use, accepted formats, invoice requirements and archiving rules.
Iceland
|
16.09.2026.
11:35H
|
Author: Ema Stamenković
Country overview - Iceland
Iceland
Author: Ema Stamenković
This document provides a high-level overview of Iceland’s retail compliance environment, including POS requirements, fiscalization status, receipts, invoices and the main applicable laws.
Read moreSubscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? LoginThis document provides a high-level overview of Iceland’s retail compliance environment, including POS requirements, fiscalization status, receipts, invoices and the main applicable laws.
Iceland
|
16.09.2026.
11:36H
|
Author: Ema Stamenković