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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.

Video Editor Services to Invoice

  • Video editing
  • Color grading
  • Motion graphics
  • Sound design
  • Subtitles/captions
  • Thumbnail creation
  • Format conversion

Invoice Requirements in Iceland

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

Payment Terms

50% deposit, 50% on delivery. Rush fees for tight deadlines.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Video Editor Invoice Tips

  • Specify video length
  • Include revision rounds
  • Note footage received
  • Document export formats
  • Reference project files

Frequently Asked Questions

What tax rate applies to video editor 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 video editors in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. 50% deposit, 50% on delivery. Rush fees for tight deadlines.

What should video editor invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For video editor services specifically, also include: Video editing, Color grading, Motion graphics.

How should video editors price their work?

Per project, per minute of finished video, or hourly. Consider complexity and turnaround time.

What should video editing invoices include?

Project name, video duration, services performed, revisions included, and delivery format.

What VSK rates apply?

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