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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.

Creative Director Services to Invoice

  • Creative direction
  • Campaign strategy
  • Brand oversight
  • Team leadership
  • Concept development
  • Client presentations
  • Creative reviews

Invoice Requirements in Iceland

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

Payment Terms

Retainer or project-based. Day rates for specific campaigns.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Creative Director Invoice Tips

  • Reference projects
  • Include concepts
  • Note team management
  • Document presentations
  • Track campaigns

Frequently Asked Questions

What tax rate applies to creative director 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 creative directors in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Retainer or project-based. Day rates for specific campaigns.

What should creative director invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For creative director services specifically, also include: Creative direction, Campaign strategy, Brand oversight.

How to price creative direction?

Retainer for ongoing, project for campaigns, day rate for shoots.

Team costs?

Bill separately or include in project scope. Clarify in contract.

What VSK rates apply?

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