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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.

Pilates Instructor Services to Invoice

  • Private session
  • Duet session
  • Group mat class
  • Reformer class
  • Introductory package
  • Post-rehab pilates
  • Online session

Invoice Requirements in Iceland

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

Payment Terms

Packages paid upfront. Drop-ins due at class time. 24h cancellation policy.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Pilates Instructor Invoice Tips

  • Specify equipment used
  • Note package status
  • Reference cancellation policy
  • Document attendance
  • Track expirations

Frequently Asked Questions

What tax rate applies to pilates instructor 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 pilates instructors in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Packages paid upfront. Drop-ins due at class time. 24h cancellation policy.

What should pilates instructor invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For pilates instructor services specifically, also include: Private session, Duet session, Group mat class.

Pricing privates vs duets?

Duets typically 60-70% of private rate per person.

Package expiration?

State clearly (e.g., 3 months). Encourages consistency.

What VSK rates apply?

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