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Iceland e-Invoicing

Updated 14 August 2025

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  • Key facts
  • Timeline
  • Tax & Compliance
  • Formats
  • FAQ

Iceland mandates e-invoicing for the public sector only: since 2020 public bodies must receive EN-compliant invoices via Peppol BIS Billing 3.0, and PDF invoices are not accepted. There is no general B2B or B2C e-invoicing mandate. Implementation is overseen by the Icelandic Accounting Authority (FJS).

Iceland e-Invoicing Overview

B2B
none
B2G
mandatory
since 1 January 2020
Public sector reception of EN-compliant eInvoices via Peppol mandatory. PDF invoices not accepted. FJS (Icelandic Accounting Authority) oversees implementation.
B2C
none

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Implementation Timeline(2 events)

Key mandate dates. Select a date for detail, or show all updates below.

City of Reykjavík introduces mandatory e-invoicing
1 January 2015
B2G (Local)
Reykjavík becomes first Icelandic authority to mandate e-invoicing for suppliers, requiring compliance with Peppol/TS-236 technical specification.
Nationwide B2G e-invoicing mandate
1 January 2020
B2G
Ministry of Finance and Economic Affairs mandates e-invoicing for all central, regional, and local contracting authorities per EU Directive 2014/55/EU . FJS (Icelandic Accounting Authority) designated as national Peppol Authority. Only TS-236 compliant invoices accepted.

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Compliance Regime

Network
Peppol
Standards
EN 16931, TS-236 (Icelandic CIUS)

Record-keeping & Reporting

Archiving
7 years retention; storage in Iceland, EU, or countries with data protection agreements permitted; Ministry of Finance notification required for offshore archiving.

Technical Formats

Peppol BIS Billing 3.0

Detailed exemptions, penalties and cross-border rules for Iceland are not yet published. The official sources have the latest detail.

Official Sources

  • ec.europa.euOfficial site
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Related Countries

  • AndorraNone
  • AustriaNone
  • BulgariaNone
  • CyprusNone

Frequently asked questions about e-Invoicing in Iceland

Yes, e-Invoicing is mandatory in Iceland for B2G (since 2020-01-01) transactions.

B2B e-Invoicing in Iceland is not currently required.

B2G e-Invoicing in Iceland is mandatory since 2020-01-01. Public sector reception of EN-compliant eInvoices via Peppol mandatory. PDF invoices not accepted. FJS (Icelandic Accounting Authority) oversees implementation.

Iceland supports the following e-Invoice formats: Peppol BIS Billing 3.0.

Iceland uses the following e-Invoicing standards: EN 16931, TS-236 (Icelandic CIUS). Archiving requirement: 7 years retention; storage in Iceland, EU, or countries with data protection agreements permitted; Ministry of Finance notification required for offshore archiving..