Importing leather goods from Norway — 2026 rules
When you import leather goods (HS heading 4202.92) — for example leather wallets, belts and jackets — from Norway to Iceland, you owe 12% general duty and 24% VAT on the full customs value (CIF price).
Leather goods carry 12% duty on top of 24% VAT, making them notably more expensive than electronics.
Norway shares EFTA membership with Iceland, which simplifies clearance for goods of Norwegian origin.
Worked examples
Here's how the total cost builds up for three sample item prices from Norway, using an exchange rate of 13.15 ISK per NOK.
| Item price | Customs value (CIF) | Duty | VAT | Total landed cost |
|---|---|---|---|---|
| 10,000 NOK | 136,000 ISK | 16,320 ISK | 36,557 ISK | 190,827 ISK |
| 35,000 NOK | 464,750 ISK | 55,770 ISK | 124,925 ISK | 647,395 ISK |
| 100,000 NOK | 1,319,500 ISK | 158,340 ISK | 354,682 ISK | 1,834,472 ISK |
Step by step: customs clearance
- 1.The seller in Norway attaches shipping documents (invoice, customs value and HS heading 4202.92) to the carrier's booking.
- 2.The carrier (post, FedEx, UPS or DHL) files an electronic customs declaration with Icelandic customs before the shipment arrives.
- 3.Duty and VAT are calculated on the customs value (CIF), and you receive a payment request, often before the item is released.
- 4.Once fees are paid, the shipment is released — for home delivery or pickup at the carrier's depot.
Frequently asked questions
Is there duty on leather goods from Norway?+
Yes — leather goods carries 12% general duty under HS heading 4202.92, plus 24% VAT charged on the customs value including that duty.
What is the customs value and how is it calculated?+
The customs value (CIF price) is the item price in Icelandic krónur plus freight and insurance to the Icelandic border. Both duty and VAT are calculated on this combined figure, not just the item's price.
Does the EEA/EFTA agreement with Norway help?+
Norway is covered by an EEA or EFTA free-trade agreement with Iceland. With a valid proof of origin (e.g. an EUR.1 certificate or an origin declaration on the invoice), duty on qualifying goods can be reduced or removed — VAT is still always charged regardless of origin.
Do I have to pay VAT on small shipments?+
Yes. Unlike many other countries, Iceland has no de-minimis threshold exempting low-value parcels — 24% VAT is charged on almost all incoming shipments, regardless of how small the declared value is.
How long does customs clearance from Norway take?+
Norway shares EFTA membership with Iceland, which simplifies clearance for goods of Norwegian origin.
Other categories from Norway
| Category | Duty | VAT | |
|---|---|---|---|
| Consumer Electronics | 0% | 24% | View → |
| Smartphones & Mobile Devices | 0% | 24% | View → |
| Laptops & Notebooks | 0% | 24% | View → |
| Clothing & Fashion | 12% | 24% | View → |
| Shoes & Footwear | 10% | 24% | View → |
| Cameras & Optics | 0% | 24% | View → |
| Drones & UAVs | 0% | 24% | View → |
| Tools & Hardware | 0% | 24% | View → |
| Safety Gear & Protective Equipment | 0% | 24% | View → |
| Sports Equipment | 0% | 24% | View → |
| Audio Gear & Headphones | 0% | 24% | View → |