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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.

Roofing Services to Invoice

  • Roof inspection
  • Leak repair
  • Shingle replacement
  • Full reroof
  • Gutter installation
  • Flashing repair
  • Emergency tarping

Invoice Requirements in Iceland

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

Payment Terms

Deposit 30-50% to start. Balance on completion. Progress billing for large jobs.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Roofing Invoice Tips

  • Include material specs
  • Note square footage
  • Document before/after photos
  • Reference warranty terms
  • Break down labor/materials

Frequently Asked Questions

What tax rate applies to roofing 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 roofings in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Deposit 30-50% to start. Balance on completion. Progress billing for large jobs.

What should roofing invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For roofing services specifically, also include: Roof inspection, Leak repair, Shingle replacement.

How to price roofing?

Per square (100 sq ft). Materials + labor. $300-700 per square depending on material.

Warranty offered?

Workmanship warranty 5-10 years. Material warranty from manufacturer (20-50 years).

What VSK rates apply?

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