Freelancer Invoice Generator for Iceland
Create professional freelancer invoices for clients in Iceland. This free invoice generator combines freelancer-specific billing practices with Iceland's tax requirements (24% VSK) and preferred payment methods like Bank Transfer and Credit Card.
Free, no registration required. Your data stays in your browser.
Iceland Tax Information
VSK (VAT) is 24% standard, 11% for hotels/books/food. No threshold - all businesses must register. Source: Icelandic Revenue and Customs.
Freelancer Services to Invoice
- Hourly consulting
- Project-based work
- Retainer agreements
- Milestone billing
- Rush/priority fees
Invoice Requirements in Iceland
Payment Terms
Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.
Payment Methods in Iceland
Freelancer Invoice Tips
- Always use a unique invoice number
- Clearly state payment terms upfront
- Include detailed breakdown of work
- Add late payment fees
- Keep copies for tax purposes
Frequently Asked Questions
What tax rate applies to freelancer 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 freelancers in Iceland?
Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.
What should freelancer invoices include in Iceland?
Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For freelancer services specifically, also include: Hourly consulting, Project-based work, Retainer agreements.
How do I invoice for hourly freelance work?
List each task with hours worked and hourly rate. Include dates and detailed descriptions.
Should I charge a deposit as a freelancer?
Yes, especially for larger projects. A 25-50% deposit protects you from non-payment.
What VSK rates apply?
Iceland has 24% standard VAT and 11% reduced rate for hotels, books, and some food. No zero-rated goods domestically.