Fyrir ráðgjafa og IT-verktaka
Fustle fyrir ráðgjafa og sérfræðinga
Tímagjald eða verkefnaverð, viðskiptavinir heima og erlendis og mánaðarleg laun sem þurfa að vera rétt. Fustle breytir tímunum í reikninga og greiðslunum í launatölur með þrepum ársins.
The challenge
Why contractors choose Fustle
What makes consulting different
- ×Income of 500,000 to 1,500,000+ ISK a month lands in the upper tax brackets
- ×Every hour on admin is an hour not billed
- ×Foreign clients need invoices that hold up for Icelandic VAT and bookkeeping
- ×Calculated remuneration for category A and B specialists is high, so the monthly filing matters
How Fustle helps
- ✓Hours and projects recorded as you work, turned into an invoice in Icelandic or English
- ✓VAT treatment per line, including services sold abroad without Icelandic VAT
- ✓Payroll figures calculated with the 2026 brackets, personal tax credit, pension and social security
- ✓Withholding and VAT summaries ready for each period. Sending to Skatturinn stays manual until a tax connection exists
What a month looks like
Illustration: a consultant invoicing 900,000 ISK excluding VAT in a month, full personal tax credit, fixed Payroll plan
Payroll costs
141.660 kr
11.5% pension, 6.35% social security, 0.1% rehabilitation fund
Gross salary
758.340 kr
payroll base / 1.1868
Net salary
556.306 kr
after 4% pension and withholding less the credit
Run your own figure in the payroll calculator; it uses the same calculation as Payroll in Fustle.
How it works
Three steps — no paperwork
Record hours or the project
Log the work when it is done. Turn the entry into an invoice, in Icelandic or English.
Send and track payment
See what has been paid and what is outstanding. Record confirmed payments and send a reminder when needed.
Calculate the month's payroll
Payroll calculates salary, contributions and withholding for the month and lists the filings you complete.
Questions from consultants
Do I need to register for VAT as a consultant?
Yes once taxable turnover exceeds 2,000,000 ISK in 12 months. Consulting is taxable at 24%. You register with Skatturinn; Fustle then applies the rate per invoice line.
Can I invoice foreign clients?
Yes. Invoices carry the mandatory Icelandic fields and can be issued in English. Services to businesses abroad are often outside Icelandic VAT; you choose that treatment per line and keep the justification.
Does Fustle file my returns?
Payroll calculates the figures and prepares the summaries. Sending to Skatturinn and the pension fund stays in your hands until a direct connection exists. The plan terms describe exactly which filings are included.
Useful guides
Start with your next piece of work
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