- Icelandic Tax Authority launched online VAT and payroll registration on their website
- Announcement provides details on accessing the application and required documents
- Follows recent regulation on digital platform operators reporting rentals and sales
- Individuals can register using electronic ID or web key
- Businesses can register using company credentials or power of attorney
- New companies can request login credentials from the Tax Authority
- Retrospective registration requires reports for overdue periods and an itemized budget if expenses exceed income
- Online system aims to simplify registration but requires awareness of documentation needs
- Confirmation of registration is sent to the Digital Inbox on the government portal
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
