🏗️Fyrir byggingarverktaka
Fustle fyrir byggingarverktaka
Háar reikningsupphæðir, flóknir kostnaðarfrádráttar og VSK á efni. Fustle sér um allt skattalegt — þú einbeitir þér að byggingunni.
The challenge
Why contractors choose Fustle
The problem you know
- ✕High invoicing amounts (500k–2M+ ISK/month) = complex taxes
- ✕Many deductible expenses: tools, vehicle, materials, safety gear
- ✕Multiple clients and projects simultaneously
- ✕VAT on materials — need to recover input VAT
- ✕Forgetting to file VAT and getting fined
How Fustle solves it
- ✓Automatic tax filing regardless of amount — same cost, max 16,900 ISK/month
- ✓Tracks all deductible expense categories automatically
- ✓Creates invoices in seconds, as many clients as needed
- ✓VAT registration and filing — input VAT recovered
- ✓Files automatically on correct deadlines — no penalties
How much can you save?
Example: Construction contractor earning 1,200,000 ISK/month
Deductible expenses
400.000 kr
Tools 80k + vehicle 120k + materials 200k
Tax saving
125–185k kr
per month
Savings vs. accountant
13–63k kr
Accountant 30–80k vs. Fustle 16.9k
How it works
Three steps — no paperwork
Create an invoice
Enter amount and client — done in 30 seconds
We handle tax compliance
Income tax, social security, pension, and VAT — all automatic
You get paid
Invoice goes to client, you receive net pay after taxes
Customer story
Saved me 6 hours a month
“Fustle saved me 6 hours a month and I have never received a penalty from the Tax Authorities. Before, I was always worrying about tax deadlines.”
Sigríður H.
Construction contractor
Questions from construction contractors
Can I deduct tools?
Yes. All tools used for business are fully deductible. Larger machinery is depreciated over several years.
What about materials I buy for a client?
Deductible. You can also recover input VAT on purchased materials as a VAT-registered contractor.
Do I need VAT registration?
Almost certainly yes at this income level. Fustle handles VAT registration and filing in one package.
How does vehicle deduction work for large vehicles?
Business % × total car costs = deduction, filed via RSK 4.03. See our vehicle expenses guide for details.
Useful guides
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