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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.

Personal Trainer Services to Invoice

  • Personal training sessions
  • Group training
  • Online coaching
  • Nutrition guidance
  • Program design
  • Fitness assessments
  • Virtual training

Invoice Requirements in Iceland

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

Payment Terms

Packages paid upfront. Monthly memberships billed in advance.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Personal Trainer Invoice Tips

  • Specify session count
  • Include package details
  • Note session duration
  • Reference training goals
  • Track completed sessions

Frequently Asked Questions

What tax rate applies to personal trainer 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 personal trainers in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Packages paid upfront. Monthly memberships billed in advance.

What should personal trainer invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For personal trainer services specifically, also include: Personal training sessions, Group training, Online coaching.

How should personal trainers price their services?

Per session ($50-$150+) or discounted packages. Consider location, experience, and specialization.

Should trainers offer packages?

Yes, packages improve client commitment and your cash flow. Offer 10, 20, or monthly packages.

What VSK rates apply?

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