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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.

Executive Coach Services to Invoice

  • Leadership coaching
  • 360 assessment
  • Strategic planning
  • Board preparation
  • Transition coaching
  • Team effectiveness
  • Stakeholder management

Invoice Requirements in Iceland

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

Payment Terms

Corporate billing Net 30. Monthly retainer or package fee. Assessment tools billed separately.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Executive Coach Invoice Tips

  • Reference engagement letter
  • Include confidentiality note
  • Note sponsoring organization
  • Document assessment tools
  • Track session hours

Frequently Asked Questions

What tax rate applies to executive coach 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 executive coachs in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Corporate billing Net 30. Monthly retainer or package fee. Assessment tools billed separately.

What should executive coach invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For executive coach services specifically, also include: Leadership coaching, 360 assessment, Strategic planning.

Executive coaching rates?

Premium pricing $500-1500/hour or $10,000-100,000+ per engagement.

Who pays?

Usually organization sponsors. Bill HR or L&D department. Some executives self-pay.

What VSK rates apply?

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