Compliance for Iceland
Iceland mandates that all B2G e-invoices must be transmitted using the Peppol network. The Ministry of Finance and Economic Affairs oversees public sector e-invoicing in Iceland.
E-invoicing requirements
E-invoicing in Iceland follows a post-audit model, which means invoices are exchanged electronically without pre-clearance by the tax authority.
Iceland compliance summary
Learn more about e-invoicing terms and concepts.
| Aspect | Description | Requirement |
|---|---|---|
| Invoices exchanged between businesses. | Optional | |
| Invoices issued by businesses to consumers. | Optional | |
| Invoices issued by businesses to public administrations for public procurement. | Mandatory | |
| Electronic signature | Signature or seal rules for authenticity and integrity of e‑invoices. | Optional |
| Legal archiving | Minimum retention period for e‑invoices. | 7 years |
| Model | The e-invoicing flow model used by the country. | Post-audit |
| Platform | The government-managed platform for e-invoicing. | Peppol network |
| Supported format | The e-invoicing format legally required by the country. | Compliant with the EN 16931 standard and TS-236 |
| Automatic updates | Whether invoice status updates synchronise automatically in Monitor. | Yes |
Format
E-invoices must align with the EN 16931 standard and follow the country-specific CIUS known as TS-236. Invoices must be in UBL 2.1 or Peppol BIS Billing 3.0 format.
Automated e-invoicing flow
ecosio enables you to automate the transmission of compliant e-invoices for both accounts receivable and accounts payable processes in Iceland, which uses the Peppol 4-corner model for the transmission of electronic documents.
Legal resources
The following official documents define the legal and technical framework for public sector e-invoicing in Iceland.
- Regulation No. 44/2019: Icelandic regulation implementing requirements for electronic invoices in the public sector.
- FJS e-invoicing guidance: Official guidance on electronic document submission for public entities.
Updated about 2 months ago