Country Guide · Europe
Iceland
Covered by Complyance
Covered by Complyance
Iceland is not an EU member but part of the EEA. Public-sector e‑invoicing is aligned with Peppol standards, though adoption remains voluntary without broad mandates.
E-invoicing
Status
Mandatory
Format
Peppol BIS 3.0 (EN 16931) implemented by many government agencies.
Infrastructure
Peppol network; optional national portals.
Model
Encouraged but not enforced.
E-reporting
Status
No mandatory real-time VAT/reporting system.
Format
N/A
Scope & deadline
No scheduled reforms.
More info
Tax authority
Icelandic Directorate of Internal Revenue—digital strategy supports Peppol interoperability.
Archiving period
Follows national accounting rules (~7 years).
E-signature
Not required.
Regulation
Independent; aligns informally with EU Directive standards.
Note: We gather our information from government sources and do our best to keep it current. If there are any new updates, we'll make sure to reflect them here as soon as possible.
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