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Iceland Tax Information

24% VSK

VSK (VAT) is 24% standard, 11% for hotels/books/food. No threshold - all businesses must register. Source: Icelandic Revenue and Customs.

Caterer Services to Invoice

  • Event catering
  • Corporate catering
  • Wedding catering
  • Buffet service
  • Plated dinner
  • Cocktail reception
  • Food delivery

Invoice Requirements in Iceland

Kennitala
VSK number
Business address
Client kennitala
VSK breakdown
Total in ISK

Payment Terms

Deposit to book, final payment based on final guest count 1-2 weeks before.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Caterer Invoice Tips

  • Specify per-person pricing
  • Include menu details
  • Note rentals separately
  • Document staffing costs
  • Reference final guest count

Frequently Asked Questions

What tax rate applies to caterer invoices in Iceland?

Iceland has 24% VSK. VSK (VAT) is 24% standard, 11% for hotels/books/food. No threshold - all businesses must register. Source: Icelandic Revenue and Customs.

What payment methods are common for caterers in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Deposit to book, final payment based on final guest count 1-2 weeks before.

What should caterer invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For caterer services specifically, also include: Event catering, Corporate catering, Wedding catering.

How should caterers price their services?

Per person for food, plus service fees, rentals, and staffing. Package pricing is common.

What about rental items?

List rentals (tables, linens, china) separately or include in per-person pricing.

What VSK rates apply?

Iceland has 24% standard VAT and 11% reduced rate for hotels, books, and some food. No zero-rated goods domestically.