enska virðisauki og vörugjöld - Multicultural Information Centre

VAT is a general consumption tax levied on all domestic transactions. It is also levied on imported goods and services.

General excise duty is a charge levied on goods imported or manufactured domestically. All excise duty on food, except sugar and sweets, has been abolished.
A special alcohol levy must be paid on consumable alcoholic beverages imported to or manufactured in Iceland, regardless of whether it is for sale or personal use.
Excise duty is levied on imported vehicles according to their weight.

Is your child entitled to a sports and leisure activity grant?