Leave enough room in your suitcase for some Icelandic souvenirs.
Stores in Iceland are similar to those in Europe and North America, with a wide variety of merchandise. Noteworthy local specialities include woollen knitwear with unique patterns (e.g., lopapeysa sweaters), handmade ceramics and glassware, silver jewellery, crafts made of lava stones or fish leather, liquorice candies and Icelandic designer clothing.
Most shops in Iceland are open between 09:00 and 18:00 from Monday to Friday, and between 10:00 and 16:00 on Saturdays. Many shops are closed on Sundays with exception of shopping malls in Reykjavik and some shops on Reykjavik’s busy downtown streets.
TAX FREE REFUNDS
A refund of local Value-added Tax (VAT) is available to all visitors in Iceland. The refund results in a reduction of up to 15% off the retail price, provided that departure from Iceland is within three months after the date of purchase. The purchase amount must be no less than 4.000 ISK (VAT included) per store, purchased in the same day. If the refund value of the tax-free forms exceeds 5.000 ISK, the goods (except woollens) may need to be shown at customs before check-in. All other forms can be refunded directly in cash at Landsbanki Íslands in the departure hall of Keflavík International Airport.