Icelandic Customs
Encyclopedia
The Icelandic Directorate of Customs (Icelandic Tollstjóri or also commonly Tollgæsla) is the national customs service of the Republic of Iceland
. Icelandic Customs is the law-enforcement agency, which is in charge of not only the collection of customs duties, but also the detection of smuggling and confiscation of counterfeit items entering Iceland.
Icelandic Customs is not divided into separate regions or districts and has its headquarters at Tryggvagata 19, 101 Reykjavík. There are approximately 250 employees in Icelandic Customs, who are spread out in various departments and duty-stations throughout Iceland.
The taxes, which Icelandic Customs collects, include:
Real Estate Tax is handled by the municipalities and is thus not a Customs matter.
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...
. Icelandic Customs is the law-enforcement agency, which is in charge of not only the collection of customs duties, but also the detection of smuggling and confiscation of counterfeit items entering Iceland.
Organisation
Icelandic Customs was established in 1929, after the Act of Union allowed Iceland to create foreign policy apart from that of the Kingdom of Denmark. Icelandic Customs falls under the Ministry of Finance, as its primary duty is to control import duties, taxes, tariffs, and other state revenues.Icelandic Customs is not divided into separate regions or districts and has its headquarters at Tryggvagata 19, 101 Reykjavík. There are approximately 250 employees in Icelandic Customs, who are spread out in various departments and duty-stations throughout Iceland.
Collections Duties
Aside from standard customs actions, which involve the collection of duties and tariffs on items imported into Iceland, as the sole enforcement agency in the Ministries of Finance and Internal Revenue, Icelandic Customs is also charged with the collection of various state taxes.The taxes, which Icelandic Customs collects, include:
- National and Municipal Income Tax
- VATVatVat or VAT may refer to:* A type of container such as a barrel, storage tank, or tub, often constructed of welded sheet stainless steel, and used for holding, storing, and processing liquids such as milk, wine, and beer...
(Value Added Tax) - Net Worth Tax
- Road Tax
- Automobile Tax
Real Estate Tax is handled by the municipalities and is thus not a Customs matter.