Skip to main content

Topics:

Individuals
Taxes

100% Reimbursement of VAT (a.k.a., Iceland Works)

100% Reimbursement of VAT (a.k.a., Iceland Works)

The program stimulates the economy by encouraging increased business. The program has been extended through 2021. The program provides for 100% reimbursement of VAT for eligible activities.

What activities are eligible for 100% reimbursement of VAT?

  • All construction, improvement and maintenance work on residential housing

  • All construction, improvement and maintenance work on vacation homes

  • Design and property management of residential housing and vacation homes

  • All construction, improvement and maintenance work on real estate owned by municipalities or institutions and organizations that belong to the municipalities

  • Household services

  • Regular household maintenance and care

  • Repairs, painting and bodywork for passenger vehicles

  • Work on construction sites for humanitarian organizations and charities, sports organizations, search and rescue organizations and their chapters as well as buildings entirely in their ownership

Where do I apply?

Apply for reimbursement at the website for Iceland Revenue & Customs (in Icelandic).

Operations for

Nothing was found with the selected topics and/or search query