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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.

Interior Designer Services to Invoice

  • Design consultation
  • Space planning
  • Furniture selection
  • Color consulting
  • Project management
  • Procurement
  • Installation oversight

Invoice Requirements in Iceland

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

Payment Terms

Design fee with deposit. Product purchases require payment in advance.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Interior Designer Invoice Tips

  • Reference project scope
  • Include procurement markup
  • Note design fees separately
  • Document product costs
  • Track time if hourly

Frequently Asked Questions

What tax rate applies to interior 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 interior designers in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Design fee with deposit. Product purchases require payment in advance.

What should interior designer invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For interior designer services specifically, also include: Design consultation, Space planning, Furniture selection.

How should interior designers price services?

Flat design fee, hourly, or cost-plus for procurement. Often combination.

What markup is standard for purchasing?

20-35% markup on furnishings and materials is industry standard.

What VSK rates apply?

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