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
Distrust In Coalition Leaders Grows

Distrust In Coalition Leaders Grows

by

Public distrust grows and confidence shrinks for Prime Minister Sigmundur Davíð Gunnlaugsson and Finance Minister Bjarni Benediktsson, a new poll

News
Iceland Ranks 3rd In Per Capita Electronic Waste

Iceland Ranks 3rd In Per Capita Electronic Waste

by

There might be a lot of ways that Iceland is green, but handling electronic waste isn’t one of them. The

News
Drifting From Vienna to the Americas

Drifting From Vienna to the Americas

by

Rushing into the concert hall, the latest to enter,  stinking of Thai food, I capture everyone’s attention. Gazing over the

News
How Wiretapping Is Used In Iceland

How Wiretapping Is Used In Iceland

by

Helgi Hrafn Gunnarsson, an MP for the Pirate Party, posed a formal question to the Ministry of the Interior on

News
Immigrants Work More For Less Pay

Immigrants Work More For Less Pay

by

New research on immigrants in the workforce shows they tend to work longer hour for less pay than their Icelandic

News
American Bar Takes Down Flag At MP’s Request

American Bar Takes Down Flag At MP’s Request

by

An American flag that hung above the newly opened American Bar was taken down today, after members of parliament expressed their

Show Me More!