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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.

Life Coach Services to Invoice

  • Discovery session
  • Coaching session
  • Intensive day
  • Group coaching
  • Online course
  • Accountability program
  • VIP retainer

Invoice Requirements in Iceland

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

Payment Terms

Programs paid in full or payment plan. Single sessions paid before booking.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Life Coach Invoice Tips

  • Reference program name
  • Include session dates
  • Note homework/resources
  • Document progress milestones
  • Track package completion

Frequently Asked Questions

What tax rate applies to life coach 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 life coachs in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Programs paid in full or payment plan. Single sessions paid before booking.

What should life coach invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For life coach services specifically, also include: Discovery session, Coaching session, Intensive day.

How to price coaching?

Package-based pricing $1,500-10,000+ for 3-6 month programs. Value-based, not hourly.

Should coaches offer single sessions?

Packages preferred for commitment. Offer single session as intro or premium option.

What VSK rates apply?

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