Taxfree, Money exchange & transfer

Tax Free

Tax free – VAT refund
All non-Iceland residents are tax free eligible. The minimum amount on one single purchase receipt must be ISK 6,000. The original purchase receipts must be attached to the tax-free form. The retailer signature must be on the tax-free form.
All tax-free forms must be export validated (stamped by customs or by Arion bank at Keflavík airport)

How does it work? If you purchase items in a local store and are going to export them from Iceland, then you should ask in the store for a Tax-Free form. The form is filled in by the store and the original purchase receipts attached to it.
When you leave the country, you take the goods purchased, the tax-free forms and the receipts to the airport upon departure.

Tax free Akureyri Airport
- When International Departure is directly from Akureyri - Flight
In Akureyri there is a Tax-free box by the entrance of the check-inn hall. Put the Tax-free form including the original purchase receipts in there. Then the toll official will check the documents, stamp if everything is correct and send to the Tax-free refund office. This process normally takes about 1 month but can also take longer time. Note that if you are buying goods for high sums close to or over 1 million ISK you must contact the local Iceland Revenue and Customs office before leaving Iceland to get refunded - phone (+354) 442 1000.

Tax free Akureyri Harbour
- When International Departure is directly from Akureyri – Cruise Ships
When Akureyri is your last stop in Iceland you can bring your tax-free form and purchase receipts to the harbour where the forms are collected by the ships agent who delivers them to the toll official.
Then the toll official will check the documents, stamp if everything is correct and send to the Tax-free refund office. This process normally takes about 1 month but can also take longer time. Note that if you are buying goods for high sums close to or over 1 million ISK you must contact the local Iceland Revenue and Customs office before leaving Iceland to get refunded - phone (+354) 442 1000.

Tax free Keflavík Airport or other places
- When International Departure is from other places than Akureyri look here

Money exchange

In Iceland the currency is Icelandic Krona (ISK). Although Euros and Dollars may be accepted (with commission) in the tourism oriented services in town, owning the local currency is always helpful. For the size of the town and the volume of tourism, money exchange can only be done in local banks:   
Arion Banki
Islandsbanki
Landsbankinn 
Note that banks opening hours are normally 9-16 on work days. Money exchange is NOT possible on weekends. 

Money transfer

For money transfer, here are the existing services:
Western Union: available at the Post Office, Norðurtanga 3. Open 9.30-17.00 Mon-Thur and Fri 9.30 - 16.00, closed weekends.
Also money transfer service is available at banks - see list above.