People sending or receiving Christmas gifts from abroad should be prepared to pay customs fees, according to Þórhildur Ólöf Helgadóttir, CEO of Icelandic Post.
Speaking in Reykjavík yesterday afternoon, Þórhildur said gift exemptions differ significantly between countries and often fail to reflect rising prices.
As a result, Vísir reports that items intended as gifts may still be taxed if their declared value exceeds local limits.
Rules Vary Widely“In Denmark, for example, a gift valued above 360 Danish kroner [around ISK 7,000] is subject to tax,” Þórhildur said, noting that national rules apply regardless of EEA membership.
Iceland’s own exemption limit is ISK 13,500, while in the United States it is roughly USD 100.
She added that these thresholds have remained largely unchanged for years, despite inflation making it easier for ordinary gifts to exceed them.
Þórhildur said it is uncommon for recipients to refuse gifts due to customs charges, but she understands public frustration. She also cautioned against undervaluing parcels, as incorrect declarations may affect insurance compensation if items are lost or damaged.
Domestically, parcels can be sent until December 21, while international deliveries cannot be guaranteed to arrive before Christmas.
The post Christmas Gifts From Abroad May Carry Customs Charges, Says Post Office appeared first on Iceland Review.
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