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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.

Product Manager Services to Invoice

  • Product strategy
  • Roadmap planning
  • User research
  • Prioritization
  • Sprint planning
  • Stakeholder management
  • Launch planning

Invoice Requirements in Iceland

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

Payment Terms

Monthly retainer or project-based. Day rates for interim roles.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Product Manager Invoice Tips

  • Reference deliverables
  • Include research
  • Document roadmaps
  • Note sprints
  • Track launches

Frequently Asked Questions

What tax rate applies to product manager 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 product managers in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Monthly retainer or project-based. Day rates for interim roles.

What should product manager invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For product manager services specifically, also include: Product strategy, Roadmap planning, User research.

How to price PM services?

Retainer for ongoing, project for initiatives, day rate for interim.

What deliverables?

Roadmaps, PRDs, research reports, sprint plans, launch docs.

What VSK rates apply?

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