List of tax free shops in Iceland - Shopping tax free in Iceland

TaxFree
List of Tax Free shops in Iceland

List of tax free shops in Iceland - Shopping tax free in Iceland

TaxFree Shopping in Iceland - cool and sensible
Reykjavík, Iceland's shopping capital, may very well be the best-kept secret of the cosmopolitan shopping enthusiast. Despite rumors that Reykjavík's an expensive city, its prices are generally on a par with those in New York. And when it comes to high fashion or designer wear, Reykjavík prices are almost always more reasonable.

Icelandic Design - List of companies that sell Icelandic Design, TaxFree.
Woolen Products - List of companies that sell Icelandic Woolen Products, TaxFree.
International Brands List of companies that sell International Brands, TaxFree.
Great Out Doors - List of companies that sell Icelandic Design, TaxFree.
Shopping Experience - List of companies that sell everything from computer equipment to books.

Taxfree in Iceland
Tax free shopping in Iceland

What gives,?
Well, in Reykjavík the markup is lower, thanks to reasonably priced retail space and lower overhead. Add to this the 15% tax-free refund for tourists - off a minimum purchase of ISK 4,000 (near $45 US) - and you may wind up with some excellent buys indeed. Incidentally, price tags inn Iceland always include sales tax.

Q: What is VAT?
A: VAT is a value added tax which is included in the purchase price. This makes up to 19,68% of the price. The tax is used for social purposes in Iceland and as a foreign resident you can hence, claim this tax back and hence, shop TAX-FREE in Iceland.