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

1,63%
(Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Source: World Bank)

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

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