Shopping in Iceland

Reykjavik has, in contradiction to what you might expect, a very good selection of fashion clothing, arts, crafts and other merchandise – where the best bites from America and Europe are brought together.

Pure Icelandic products, e.g. wool products, are sold today on a very favourable price. The local goods are most often of high quality and have fair prices.

Also, you should not forget the tax-free refund for tourists - approximately 15% of the price.

Business hours
Banks are open from 09:15 to 16:00. As general rule offices are open from 09:00 to 17:00, in some cases during the summer these hours are from 08:00 to 16:00. Shops are open from 09:00 to 18:00 on weekdays. Kringlan and Smáralind shopping malls as well as souvenir and some bookshops in the city centre are open on weekends.

Credit cards
They are accepted by most shops, restaurants and organisations and are widely used. The major credit cards in Iceland are Visa and Eurocard, although other cards are accepted as well in some places.

Tax free shopping/tax refund
A refund of the local Value Added Tax is available to visitors to Iceland. The refund will result in a reduction of up to 15% of the retail price, provided departure from Iceland is within 30 days after the purchase is made. The purchased amount must be no less than ISK 4.000,- (VAT included) per sales receipt, and all goods (except woollens) must be packed in sealed bags or containers.