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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.

Marketing Consultant Services to Invoice

  • Marketing strategy
  • Campaign planning
  • Brand positioning
  • Market research
  • Go-to-market strategy
  • Marketing audit
  • Performance analysis

Invoice Requirements in Iceland

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

Payment Terms

Project-based with milestones. Retainer for ongoing advisory.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Marketing Consultant Invoice Tips

  • Reference campaign names
  • Include deliverables
  • Note media spend separately
  • Document strategy sessions
  • Track metrics delivered

Frequently Asked Questions

What tax rate applies to marketing 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 marketing consultants in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Project-based with milestones. Retainer for ongoing advisory.

What should marketing consultant invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For marketing consultant services specifically, also include: Marketing strategy, Campaign planning, Brand positioning.

How should marketing consultants price services?

Project-based for campaigns, retainer for ongoing advisory. Base on scope and expected ROI.

Should media spend be on the invoice?

Keep media spend separate from consulting fees. Either pass through or have client pay directly.

What VSK rates apply?

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