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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.

Occupational Therapist Services to Invoice

  • OT evaluation
  • ADL training
  • Sensory integration
  • Fine motor skills
  • Home assessment
  • Ergonomic consult
  • Adaptive equipment

Invoice Requirements in Iceland

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

Payment Terms

Payment at service. Insurance billed per guidelines. Equipment paid upfront.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Occupational Therapist Invoice Tips

  • Detail activities
  • Include CPT codes
  • Note goals addressed
  • Reference authorization
  • Document home mods

Frequently Asked Questions

What tax rate applies to occupational therapist 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 occupational therapists in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Payment at service. Insurance billed per guidelines. Equipment paid upfront.

What should occupational therapist invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For occupational therapist services specifically, also include: OT evaluation, ADL training, Sensory integration.

Billing for equipment?

Bill adaptive equipment separately from service. Require payment before ordering.

Home safety evals?

Flat fee for assessment and report. Bill travel if outside radius.

What VSK rates apply?

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