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Electronic invoicing is mandatory for suppliers invoicing Icelandic central government entities, while B2B e-invoicing remains voluntary.
E-invoicing is already required for invoices relating to purchases by the Icelandic state.
Electronic invoicing is well established in Iceland, particularly for transactions with the public sector. Invoices relating to the Icelandic state's purchases of goods and services must be issued electronically.
Iceland does not currently have a general mandatory B2B e-invoicing regime for transactions between private businesses. Electronic invoicing can nevertheless be used voluntarily in the private sector.
Suppliers invoicing Icelandic central government entities for goods and services are required to issue electronic invoices.
Private-sector businesses are not currently subject to a general domestic B2B e-invoicing mandate. They can, however, exchange electronic invoices voluntarily.
Invoices relating to purchases of goods and services by the Icelandic state must be submitted electronically and contain the information required for the invoice to be processed and paid.
Electronic invoices must be structured and machine-readable. Suppliers can issue invoices through their own accounting systems and send them via an electronic message broker or through the Peppol network. Suppliers without an accounting system can use the registration service provided by the Icelandic Financial Management Authority.
A PDF invoice sent by email is not considered an electronic invoice for this purpose.
Electronic invoices to the Icelandic state must be provided in a structured, machine-readable XML format. Invoices can be transmitted through electronic message brokers or through the Peppol network.
Icelandic public-sector implementations also use specifications aligned with the European EN 16931 standard and Peppol BIS. This enables structured invoice data to be exchanged and processed automatically rather than relying on PDFs or other unstructured documents.
iEDI supports e-invoicing in Iceland. We can help businesses connect their existing ERP and business systems to the electronic invoicing infrastructure used in Iceland, including Peppol connectivity, without replacing the systems they already use.
Talk to us about your Icelandic e-invoicing requirements and how iEDI can help automate the exchange of structured invoice data.
Connect your existing systems to the required e-invoicing infrastructure and prepare for compliance without replacing the ERP and business systems you already use.
