The ISNIC domain tariff has now been changed, and the initial registration cost lowered as of December 1st 2008. Now only the first year fee needs to be prepaid, before the domain is registered, the special startup fee (initial registration fee) is no longer charged.
The registration/renewal fee is now EUR 39, for all domains. Invoices will from now on be issued in euros to reduce the exchange-rate risks involving Icelandic currency. No VAT is levied on registrations with foreign billing contacts.
See the ISNIC tariff for more information.