Lawyer Invoice Generator for Iceland
Create professional lawyer invoices for clients in Iceland. This free invoice generator combines lawyer-specific billing practices with Iceland's tax requirements (24% VSK) and preferred payment methods like Bank Transfer and Credit Card.
Free, no registration required. Your data stays in your browser.
Iceland Tax Information
VSK (VAT) is 24% standard, 11% for hotels/books/food. No threshold - all businesses must register. Source: Icelandic Revenue and Customs.
Lawyer Services to Invoice
- Legal consultation
- Document review
- Contract drafting
- Litigation
- Court appearances
- Research
- Retainer services
Invoice Requirements in Iceland
Payment Terms
Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.
Payment Methods in Iceland
Lawyer Invoice Tips
- Bill in standard increments
- Detail each task
- Reference case number
- Separate disbursements
- Include trust account details
Frequently Asked Questions
What tax rate applies to lawyer 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 lawyers in Iceland?
Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.
What should lawyer invoices include in Iceland?
Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For lawyer services specifically, also include: Legal consultation, Document review, Contract drafting.
How should lawyers detail time entries?
Include date, task description, time spent, and attorney name. Use standard billing increments.
How do lawyers handle retainers?
Hold in trust. Bill against retainer and request replenishment when low.
What VSK rates apply?
Iceland has 24% standard VAT and 11% reduced rate for hotels, books, and some food. No zero-rated goods domestically.