Iceland: ISK, VAT & payment methods

Money

Currency and formatting

Watch out: ISK has no minor unit. Treating it like a two-decimal currency overcharges by 100×.

Tax

tax · IS

24.00% standard VAT Prices tax-inclusive

Payments

Roughly ordered by real-world use — not by what a card processor would prefer you offer.

Card schemes that work domestically: visa, mastercard. 3-D Secure is standard practice; strong customer authentication is legally mandated.

Locale

Phone

FAQs

What currency does Iceland use?

Iceland uses the Icelandic Krona (ISK), symbol kr. It has no minor unit — amounts are whole numbers, so 123.457 kr is a complete price.

How many decimal places does ISK have?

ISK has 0 decimal places. Charging with the wrong number of minor units is a 100× error, so this is worth getting right.

What is the VAT rate in Iceland?

The standard VAT rate in Iceland is 24.00%. Prices are displayed tax-inclusive.

What payment methods are used in Iceland?

The methods that matter in Iceland, in rough order of use: card, apple pay, google pay, paypal.

What is the dialling code for Iceland?

Iceland's country calling code is +354. Mobile numbers are formatted +354 XXX XXXX (7 digits after the country code).

API_

Everything on this page is one call away — plus live FX, fraud signals and the visitor's own detected country.

iceland.sh

curl "https://api.localesense.com/v1/countries/IS" \
    -H "Authorization: Bearer ls_live_..."