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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.

HR Consultant Services to Invoice

  • Recruitment services
  • Policy development
  • HR audit
  • Training programs
  • Compliance consulting
  • Performance management
  • Compensation analysis

Invoice Requirements in Iceland

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

Payment Terms

Recruitment: percentage of salary on hire. Consulting: project-based or retainer.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

HR Consultant Invoice Tips

  • Specify service type
  • Include positions filled
  • Note policy documents delivered
  • Reference training attendance
  • Document compliance reviews

Frequently Asked Questions

What tax rate applies to hr consultant 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 hr consultants in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Recruitment: percentage of salary on hire. Consulting: project-based or retainer.

What should hr consultant invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For hr consultant services specifically, also include: Recruitment services, Policy development, HR audit.

How should HR consultants price recruitment?

Typically 15-25% of first-year salary. Flat fees for entry-level positions.

What should HR invoices include?

Service type, deliverables, positions filled (recruitment), or policies delivered (consulting).

What VSK rates apply?

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