Iceland calculators
Iceland calculators4 live calculators for 2026. Each one publishes its formula, its test cases and its sources.
- Iceland net salary calculator (staðgreiðsla 2026)Your Icelandic take-home pay is your monthly gross minus the 4% pension premium and withholding tax (staðgreiðsla) at 31.49%, 37.99% and 46.29% across the 2026 brackets, reduced by a personal tax credit of 72,492 kr a month.521,577 ISK Net / month · with Gross monthly salary of 700,000 ISK
- Iceland car tax calculator (bifreiðagjald + kílómetragjald)Keeping a car in Iceland costs bifreiðagjald — 21,260 kr per half-year, plus a charge per gram of CO₂ above the threshold — and, from 2026, kílómetragjald of 6.95 kr per kilometre on every car up to 3.5 tonnes, whatever its fuel.125,920 ISK Total per year · with Registered CO₂ emissions of 150
- Iceland VAT calculator (virðisaukaskattur)Icelandic VAT has two rates: 24% on everything taxable unless the law says otherwise, and 11% on food, accommodation, books, newspapers, heating and some transport. You must register once taxable sales exceed ISK 2,000,000 in any twelve-month period.2,400 ISK VAT · with Amount of 10,000
- Icelandic holiday entitlement calculator (orlof)Article 3 of lög 30/1987 gives two orlofsdagar for each worked month of the leave year, counting half a month or more as a whole month — so a full year is 24 days. Sundays, public holidays and the first five Saturdays of the leave do not count as orlofsdagar, which means that for a Monday-to-Friday week all 24 are working days actually taken off.24 Days Entitled · with Months worked in the leave year of 12