| English | Icelandic |
| conditional sales tax | skilyrtur virðisaukaskattur (A sales tax that is reported to the tax authority when the invoice is paid, in contrast to normal sales tax, which is reported when the invoice is created) |
| destination-based sales tax | söluskattur háður áfangastað (A sales tax levied in some states in the United States on a product based on the destination in which the buyer takes ownership or receives the product) |
| 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) |
| Goods and Services Tax | vöru- og þjónustuskattur (A value-added tax levied in some countries/regions) |
| Harmonised Sales Tax | samræmdur söluskattur (A value-added tax (VAT) levied in some Canadian provinces that combines the Goods and Services Tax (GST) and the provisional sales tax) |
| 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) |
| non-recoverable sales tax | óendurheimtanlegur virðisaukaskattur (A sales tax levied on purchased products that is not deducted from the sales tax levied on the sale of the purchased products when both sales taxes are paid by the same party) |
| recoverable sales tax | endurheimtanlegur virðisaukaskattur (A sales tax levied on purchased products that is deducted from the sales tax levied on the sale of the purchased products when both sales taxes are paid by the same party) |
| sales tax | söluskattur (A tax levied on the sale of products) |
| sales tax | virðisaukaskattur (A tax levied on the sale of products) |
| 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) |
| use tax | neysluskattur (An excise tax levied on products in the United States where a sales tax is not levied) |
| value-added tax | virðisaukaskattur (A tax on products at each stage of their production based on the value added during that stage) |
| withholding tax | staðgreiðsluskattur (When referring to taxation, funds deducted from salary or other income to cover tax liability) |
