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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.

Handyman Services to Invoice

  • General repairs
  • Furniture assembly
  • Drywall repair
  • Painting
  • Fixture installation
  • Deck repair
  • Door/window repair

Invoice Requirements in Iceland

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

Payment Terms

Payment on completion. Larger jobs may require deposit.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Handyman Invoice Tips

  • List tasks completed
  • Include materials used
  • Note hourly rate
  • Reference minimum charge
  • Document warranty on work

Frequently Asked Questions

What tax rate applies to handyman 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 handymans in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Payment on completion. Larger jobs may require deposit.

What should handyman invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For handyman services specifically, also include: General repairs, Furniture assembly, Drywall repair.

How should handymen price their work?

Hourly rate ($50-$100+) or flat rate for common tasks. Include minimum charge.

Should handymen itemize materials?

Yes, list materials purchased with markup. Or have clients supply materials.

What VSK rates apply?

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