Cash / Currency → Iceland

Cash / Currency is restricted for travelers entering Iceland; declare above the personal allowance.

Details

Cash / Currency requires declaration at customs (and in some cases an import permit) when carried by travelers into Iceland. Iceland Revenue and Customs (Skatturinn) applies a personal-allowance threshold per item category; quantities above attract duty + the destination's VAT/GST rate (24%) plus, for select categories, an additional excise tax. EU customs harmonisation and EU Regulation 608/2013 IPR enforcement apply alongside national rules. Travelers should consult Iceland Revenue and Customs (Skatturinn) for the current quantity threshold + documentation requirement before departure.

Leaving with this item

Iceland requires declaration when leaving with cash and bearer-form negotiable instruments above EUR 10,000.

Practical advice

Carry Cash / Currency in carry-on where applicable (medication / lithium battery / valuables). On arrival, walk the Red Channel and declare on the customs form. Iceland Revenue and Customs (Skatturinn) computes duty + VAT at the published rate. Have the purchase receipt + (for medication) the original prescription available.

Customs authority

Iceland Revenue and Customs (Skatturinn) · https://www.skatturinn.is/english/