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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.

Yoga Instructor Services to Invoice

  • Private sessions
  • Group classes
  • Corporate yoga
  • Workshops
  • Retreats
  • Online classes
  • Teacher training

Invoice Requirements in Iceland

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

Payment Terms

Drop-in paid at time of class. Packages and privates paid in advance.

Reiðufé14 dagar30 dagarGjalddagi

Payment Methods in Iceland

Bank TransferCredit CardCash

Yoga Instructor Invoice Tips

  • Specify class type
  • Include session duration
  • Note participant count
  • Reference location
  • Document series completion

Frequently Asked Questions

What tax rate applies to yoga 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 yoga instructors in Iceland?

Common payment methods in Iceland include: Bank Transfer, Credit Card, Cash. Drop-in paid at time of class. Packages and privates paid in advance.

What should yoga instructor invoices include in Iceland?

Your invoice should include: Kennitala, VSK number, Business address, Client kennitala. For yoga instructor services specifically, also include: Private sessions, Group classes, Corporate yoga.

How should yoga instructors price their services?

Group classes $15-30 drop-in, privates $75-150+. Corporate rates higher.

What should yoga invoices include?

Class type, duration, location, participant count (for corporate), and any props/equipment provided.

What VSK rates apply?

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