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Guides

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You don't need to know every term before you begin. Find the question you have today and take the next step.

Getting started

Being a contractor in Iceland

A broad view of independent work: what to check, what you're responsible for and which information to have ready.

Starting freelance work

From thinking about your first project to preparing your work setup. Use the guide to find the steps that apply to you.

Contractor or employee?

A contract's title doesn't tell the whole story. Understand the distinction and when the working relationship needs a closer look.

Sending an invoice

Invoicing in Iceland

What belongs on an invoice, and what should you check before it reaches your customer?

Taxes and filings

Taxes when you work for yourself

Get to know the main terms and the difference between calculating, filing and paying. A useful starting point before individual forms.

Your tax return

Which records should you keep for annual filings? See how summaries and supporting documents fit together.

Value added tax — VAT

An introduction to VAT in your work, invoices and records. Check which rules apply to the work you do.

RSK 5.02

Learn what the form is for and which information to review when it applies to your work.

Calculated remuneration

What does calculated remuneration mean, and why can it matter when you work in your own business?

Expenses and payments

Pension contributions

An introduction to pension contributions and the information you need to keep track of them in self-employment.

Expenses and deductions

A receipt is the start of a good record. Learn why the expense's connection to your work and the supporting evidence matter.

Social security tax

What is tryggingagjald, and where does it fit? Start with the term, then look at the rules that apply to your situation.

Vehicle expenses and mileage

Keep mileage and cost records together. This guide explains what to consider when you use a vehicle for work.

Looking for your next step in Fustle?

The guides help you understand the subject. Fustle gives you a place to record your work, invoices and the records included in your chosen plan.

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General guides do not replace advice about your circumstances. Check each guide's update date and sources, especially for tax years and filing deadlines.