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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.

IT Consultant Services to Invoice

  • IT strategy
  • Tech assessment
  • Vendor selection
  • Digital transformation
  • IT audit
  • Process improvement
  • Project management

Invoice Requirements in Iceland

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

Payment Terms

Project-based or retainer. Day rates for senior consultants.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

IT Consultant Invoice Tips

  • Reference deliverables
  • Include recommendations
  • Document assessments
  • Note plans
  • Track phases

Frequently Asked Questions

What tax rate applies to it 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 it consultants in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Project-based or retainer. Day rates for senior consultants.

What should it consultant invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For it consultant services specifically, also include: IT strategy, Tech assessment, Vendor selection.

How to price IT consulting?

Day rates for senior, project-based for scope, retainer for advisory.

Bill travel separately?

Yes, pass through or include in day rate. State policy.

What VSK rates apply?

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