Tax-Free (VAT Refund)
How tourists get ~14% VAT refunded
1
Shop at a Tax-free store
Ask for a Tax-free form at checkout. Minimum: 12,000 ISK on one receipt (Regulation No. 1188/2014).
2
Show form & goods at Keflavík
Before security, go to the Arion Bank or Iceland Refund desk.
3
Get your refund
The refund is typically ~14% of the purchase price, paid to card or cash. The refund operator deducts a service fee.
Tax-free items
Clothing & shoes24%
Art & crafts24%
Electronics24%
Souvenirs24%
Books11%
Food, beverages and accommodation are not eligible. Goods must be unused in original packaging.