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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.

Home Inspector Services to Invoice

  • Full home inspection
  • Pre-listing inspection
  • New construction
  • Radon testing
  • Mold inspection
  • Termite inspection
  • Pool/spa inspection

Invoice Requirements in Iceland

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

Payment Terms

Due at time of inspection. Accept payment before releasing report.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Home Inspector Invoice Tips

  • Include property address
  • Note square footage
  • Reference report delivery
  • Document add-on services
  • Track re-inspection fees

Frequently Asked Questions

What tax rate applies to home inspector 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 home inspectors in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Due at time of inspection. Accept payment before releasing report.

What should home inspector invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For home inspector services specifically, also include: Full home inspection, Pre-listing inspection, New construction.

Inspection pricing?

Based on square footage. $300-600 typical for residential. Add-ons extra.

What add-ons to offer?

Radon ($150), mold ($200-400), sewer scope ($150-300), termite ($75-150).

What VSK rates apply?

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