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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.

Event Planner Services to Invoice

  • Event planning
  • Venue sourcing
  • Vendor coordination
  • On-site management
  • Corporate events
  • Private parties
  • Virtual events

Invoice Requirements in Iceland

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

Payment Terms

Deposit to book, progress payments, balance before event.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Event Planner Invoice Tips

  • Reference event date/venue
  • Include planning fees separately
  • Note vendor pass-through costs
  • Document guest count
  • Specify deliverables

Frequently Asked Questions

What tax rate applies to event planner 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 event planners in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Deposit to book, progress payments, balance before event.

What should event planner invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For event planner services specifically, also include: Event planning, Venue sourcing, Vendor coordination.

How should event planners price services?

Flat planning fee, percentage of budget, or hourly. Corporate events often use flat fees.

Should planners pass through vendor costs?

Either pass through with markup (10-20%) or have client pay vendors directly.

What VSK rates apply?

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