# Iceland: import VAT and de minimis

> Iceland charges VAT on imports at a standard rate of 24%. Since 1 January 2024, consignments with a customs value of up to ISK 0 pay no customs duty. Iceland uses ISK as its currency.

Source: https://border.bot/countries/iceland
Last updated: 11 October 2026

[Countries](https://border.bot/countries) / [Iceland](https://border.bot/countries/iceland)

## Key facts

- Currency: ISK (ISK)
- Import VAT/GST: VAT 24%
- De minimis: No duty up to ISK 0; tax always charged
- Customs tariff: Own national tariff
- Last updated: 11 October 2026

## Currency and customs tariff

Iceland uses ISK as its currency.

## Import VAT and other taxes in Iceland

Iceland charges VAT on imports at a standard rate of 24%.

## De minimis in Iceland

Since 1 January 2024, consignments with a customs value of up to ISK 0 pay no customs duty. Import tax is charged whatever the value.

## What changed recently

The newest release on this page, the import taxes for Iceland, went live on border.bot on 11 October 2026.

## Frequently asked questions

### What currency does Iceland use for customs?

Iceland uses ISK as its currency. Its de minimis thresholds are stated in ISK.

### What is the VAT rate on imports into Iceland?

Iceland charges VAT on imports at a standard rate of 24%.

### What is the de minimis threshold in Iceland?

Since 1 January 2024, consignments with a customs value of up to ISK 0 pay no customs duty. Import tax is charged whatever the value.

## Sources and updates

The import taxes for Iceland come from border.bot release 1 (edition reference snapshot), imported from a file, and have been live since 11 October 2026.

The de minimis thresholds for Iceland come from border.bot release 1, imported from a file, and have been live since 9 October 2026.

This page was last updated on 11 October 2026.

Guidance from published tariff data, not a binding ruling. For a decision customs must follow, apply to the destination’s customs authority for a binding tariff ruling.

Machine-readable: https://border.bot/countries/iceland.json