New Customs Act In Effect Next Month

Published February 21, 2013

A new Customs Act was passed by Alþingi over the Christmas holidays and will be taking effect next month, Vísir reports.
The act makes changes to the maximum value of goods any one traveler can bring into the country duty-free, the argument for the change being that the duty-free allowance had not been changed to reflect the international exchange rate of the krónur. The maximum value of goods is being increased from 65,000 ISK to 88,000 ISK.
It was proposed to do away with regulations about the maximum value of any one item – this was previously 32,500 ISK – however there was some concern that having no limit would lead to problems. So the maximum value of any one item being imported is currently listed as 44,000 ISK, but will be up for review again in the near future.
Happy international shopping, everybody!



News
Many Icelanders Text While Driving

Many Icelanders Text While Driving

by

Almost all Icelanders believe texting while driving is wrong, but about a third of them do it anyway. RÚV reports

News
Kári Apologises For Calling PM “Obese, Two-Year-Old Little Boy”

Kári Apologises For Calling PM “Obese, Two-Year-Old Little Boy”

by

CEO of deCODE Kári Stefánsson has apologised for remarks he made about the Prime Minister in a new Grapevine interview.

News
Charges Dropped Against One Of Accused In Hlíðar Rape Case

Charges Dropped Against One Of Accused In Hlíðar Rape Case

by

Prosecutors have declined to pursue charges against one of the accused in an infamous case of rape in the east

News
State Ordered To Pay Damages For False Imprisonment

State Ordered To Pay Damages For False Imprisonment

by

One of the accused in a notorious raid of an illegal casino has been awarded damages for false imprisonment following

News
Emiliana Torrini To Perform At Aldrei Fór Ég Suður

Emiliana Torrini To Perform At Aldrei Fór Ég Suður

by

The famed singer/songwriter will be performing at the Westfjords music festival for the first time. Organisers of the Aldrei fór

News
Iceland Devoting Half A Billion ISK To Syrian Refugees

Iceland Devoting Half A Billion ISK To Syrian Refugees

by

Prime Minister Sigmundur Davíð Gunnlaugsson announced in London last night that Iceland would be putting half a billion ISK towards

Show Me More!