Iceland flag Iceland: Buying and Selling

International convention and customs procedures of Iceland

International Economic Cooperation
Iceland is a member of the European Economic Area (EEA) Agreement.

The country has signed a large number of multilateral and bilateral agreements.

Non Tariff Barriers
Iceland enjoys some of the strongest economic freedoms among all countries. Nevertheless, Iceland is very protectionist as regards to the import of farm products and licenses as well as state monopolies of imports (undergoing a dismantling). Some plant products such as potatoes and flowers are subject to seasonal limitations.
Customs Duties and Taxes on Imports
Iceland implements high tariffs on agricultural products in order to protect the domestic agricultural sector. Tariffs on certain varieties of vegetables, e.g. tomatoes, cucumbers and bell peppers are significantly higher during the growing season to protect domestic greenhouse producers. Meat and dairy products, and potatoes are also protected by substantial duties. Animal feed can carry tariffs up to 55%.
Visit the Directorate of Customs website.
Customs Classification
Iceland applies the Harmonized Customs System of codification and description of the goods. Customs duties are calculated ad valorem (and apply only to farm products of EU member countries). There is no exchange control on the settlement of imported goods. The customs policy is enforced by the Directorate of Customs.
Import Procedures
Required documents are listed below:

- Bill of lading

- Certificate of origin

- Cargo release order

- Commercial invoice

- Customs import declaration

- Packing list

Importing Samples
Samples may be imported without paying any tax if their value is not high, and they cannot be sold or used. However, samples must be declared at Customs on arrival in the country. To import samples, you must fill in an ATA carnet, a document that facilitates Customs procedures.
 

To go further, check out our service Import controls and Export controls.

 
For Further Information
The directorate of Customs

Find out more about Sales and Distribution Service Providers in Iceland on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: April 2022

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