# Compensation

Published 2025-02-14

Summary

Payments are made bi-weekly or monthly via direct bank transfer
All payments are in gross amount (pre-tax)
Invoices must be submitted 7 days before payment date
Quarterly invoice submission is recommended
VAT is set to 0% as tax handling is your responsibility

# Payment Structure

# Schedule Options

You can choose between two payment schedules:

Bi-weekly: Payments every two weeks
Monthly: Single payment at the end of each month

# Payment Method

Payments are made via direct bank transfer to your provided IBAN
All payments are in gross amount (pre-tax)
Tax handling is your responsibility in your country of residence

# Invoice Requirements

Download Invoice Template

template-invoice.xlsx 10.9KB

# 1. Contact Information

Your invoice must include:

Full legal name
Tax ID / Registration number
Complete address
Phone number
Email address

Banks follow strict KYC (Know Your Customer) principles and may occasionally request additional verification details. Ensure all information is accurate and current.

# 2. Client Details

Netpower Contracting AS
Postboks 16,
5604 ØYSTESE, Norway

# 3. Invoice Details

Each invoice requires:

Due date
Unique invoice number

Recommended invoice number formats:

Initials + Date: SS-20230615
Sequential: 59685749
Year + Sequential: 23-1065

# 4. Payment Details

Enter the full amount for the period
List subtotal and total amounts
Set VAT to 0%
Adjust for any unpaid leave or absences

Remember to deduct amounts for any unpaid leave or absences during the billing period.

# 5. Banking Information

Provide your complete IBAN details:

Detail	Example
IBAN Format (Ukraine)	UA213223130000026007233566001
Country Code	UA
Check Digits	21
Bank Code	322313
Account Number	0000026007233566001

# Invoice Submission

# Submission Process

Generate invoices for the next quarter (3 months) in advance
Convert all invoices to PDF format
Send to inv@netpower.no

Submitting quarterly invoices reduces administrative overhead and ensures timely payments.

# Submission Timeline

Submit invoices at least 7 days before the payment date
For new quarters, submit all three months' invoices together
Each invoice should have its unique number and appropriate due date