Key dates for e-invoicing in Iceland
Iceland is advancing toward a fully digital and compliant invoicing ecosystem. Here are the key milestones to stay ahead of.
April 2019
Iceland implements the EU e-Invoicing Directive for public procurement.
April 2020
Public sector contracting authorities begin accepting EN 16931-compliant electronic invoices.
This mandate currently affects e-invoicing, not e-reporting.
E-invoicing
Mandatory
Mandatory for domestic B2B transactions
E-reporting
Not yet in scope
The Mandate
Who is in scope in Iceland?
B2B
Voluntary
B2G
Mandatory
B2C
No mandate
Cross-border
Supported through Peppol
Invoice formats
Supported formats in Iceland
Invoices must comply with Iceland's e-invoicing mandate using one of the following approved formats.
Peppol BIS Billing 3.0
UBL 2.1
Companies affected in
Iceland
All VAT-registered businesses established in Belgium
(for domestic B2B transactions)
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