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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.

Locksmith Services to Invoice

  • Lockout service
  • Lock rekeying
  • Lock installation
  • Key duplication
  • Safe opening
  • Security assessment
  • Master key systems

Invoice Requirements in Iceland

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

Payment Terms

Due on completion. Emergency calls paid on-site. Commercial accounts Net 15.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Locksmith Invoice Tips

  • Note service address
  • Include emergency premiums
  • Reference lock brands
  • Document hardware used
  • Track call-out fees

Frequently Asked Questions

What tax rate applies to locksmith 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 locksmiths in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Due on completion. Emergency calls paid on-site. Commercial accounts Net 15.

What should locksmith invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For locksmith services specifically, also include: Lockout service, Lock rekeying, Lock installation.

Emergency rate?

Charge premium for after-hours (1.5-2x). State clearly before dispatch.

Service call fee?

Minimum call-out fee covers travel. Apply to job cost if service performed.

What VSK rates apply?

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