| English | Icelandic |
| federal tax ID | skattnúmer (In the United States, a 9-digit number that identifies a business entity to the government. A business must have an EIN if it has employees or meets other criteria specified by the federal government) |
| federal tax identification number | kennitala vegna skatta (In the United States, a 9-digit number that identifies a business entity to the government. A business must have an EIN if it has employees or meets other criteria specified by the federal government) |
| item sales tax group | VSK-flokkur vöru (A group of one or more sales tax codes that define sales tax (including duty) for an item. A sales tax group and an item sales tax group must be connected to each transaction that is subject to sales tax. Sales tax is calculated only for the sales tax codes that are included in both the sales tax group and the item sales tax group) |
| sales tax book | VSK-bók (A record of sales and purchase transactions for sales tax reporting in Italy) |
| sales tax code | VSK-kóði (A user-defined code that uniquely identifies a specific sales tax and defines its characteristics, such as the percentage or amount, tax authority, terms of payment, and ledger accounts used for posting) |
| sales tax exempt | undanþegið VSK (Pertaining to a sale or purchase transaction for which no sales tax is calculated) |
| sales tax group | VSK-flokkur (A group of one or more sales tax codes that define sales tax (including duty) for customers, vendors, projects, and ledger accounts) |
| sales tax jurisdiction | skattaumdæmi (A government unit or subdivision that imposes taxes within a state. A geographical area within a state can be taxed by several jurisdictions: town, county, and state) |
| sales tax settlement period | virðisaukaskatttímabil (A division of the year when the business reports and pays collected sales tax to the tax authorities) |
| tax authority | skattyfirvöld (The governmental agency that taxes are paid to) |
| tax exempt number | skattundanþágunúmer (An identification number that is issued by a tax authority to indicate that a company is not required to pay sales tax) |
| tax liability | skattskuld (A government authority's legal claim to the assets of a legal entity) |
| tax variance | skattfrávik (The difference between an expected tax and an actual tax) |
