Einföld tekjur fyrir Wolt sendiferla

How Wolt Freelancers Are Taxed (and How FreelancePay Handles It)

All platforms, including Wolt, report your income to Skatturinn — but if you work independently, you’re personally responsible for handling every part of the process:

• Income tax (31.49–46.29%)→ must be calculated, reported, and paid every month
• Pension contribution (15.5%)→ both your 4% employee and 11.5% employer share
• Social security fee – tryggingargjald (6.35%)→ added to each tax payment
• VAT registration→ required once your 12-month revenue exceeds 2,000,000 ISK

Doing this manually means filing forms, paying multiple institutions, and remembering monthly deadlines — missing even one can trigger daily penalties and interest.

With FreelancePay, it’s all done automatically:

We calculate, report, and pay every tax, pension, tryggingargjald, and VAT obligation on your behalf — correctly, on time, and fully compliant with Icelandic law. You just send your invoice and get paid — FreelancePay handles everything else.