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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.

Graphic Designer Services to Invoice

  • Logo design
  • Brand identity
  • Print design
  • Packaging design
  • Social media graphics
  • Illustration
  • Icon design

Invoice Requirements in Iceland

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

Payment Terms

50% deposit to start, 50% on delivery. Retain files until final payment.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Graphic Designer Invoice Tips

  • Include project scope
  • Specify file formats
  • Detail revision rounds
  • Reference design brief
  • List licensing terms

Frequently Asked Questions

What tax rate applies to graphic designer 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 graphic designers in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. 50% deposit to start, 50% on delivery. Retain files until final payment.

What should graphic designer invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For graphic designer services specifically, also include: Logo design, Brand identity, Print design.

How do graphic designers price their work?

Price based on complexity, usage rights, and experience. Consider value-based pricing for logos.

Should designers charge for revisions?

Include 2-3 rounds in your quote. Additional revisions billed hourly.

What VSK rates apply?

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