Currency exchange and tax refund
Change Group provides currency exchange services at the airport, making it easy for you to obtain foreign currency whether you're departing or have just arrived. The service offers a simple and convenient way to exchange money.
Location and Services
You can purchase or withdraw foreign currency at the Change Group service desk, located in the center of the departure hall on the 2nd floor. Here, you will receive personalized service and advice regarding currency exchange, making it easy for you to get what you need before your flight.
If you prefer to use an ATM for foreign currency withdrawals, they are located throughout the airport terminal and provide fast and secure access to currency. The ATMs are open 24 hours, allowing you to withdraw money whenever needed, regardless of whether the service desk is open.
VAT Refund
If you need to claim a VAT refund for products purchased in Iceland, this service is available in the arrivals hall next to the Bakað café.
Opening Hours:
Service Desk – 2nd floor. Open from 4:30 AM to midnight every day.
Service Desk – 1st floor. Open from 4:15 AM to 10:00 PM every day.
VAT Refund. Open from 4:30 AM to 9:00 PM every day.
VAT refunds
Have you done your shopping in Iceland and need to claim your VAT refunds? You can claim your VAT refund at Change Group, which is located in the arrival hall opposite to the car rentals. Passengers must reclaim their VAT before checking in their luggage. Tax free service is available at the currency exchange counter when tax free counter is closed.
Rules on VAT refunds
Value-added tax (VAT) may be refunded to persons permanently resident outside Iceland for goods purchased in Iceland provided that the conditions of Regulation No. 1188/2014 are met.
Refunds are conditional on the purchaser being permanently resident outside Iceland. As proof of permanent residence outside Iceland, the purchaser must present a passport or other ID clearly verifying permanent residence in another country. Foreigners with permanent residence in Iceland are not entitled to VAT refunds.
To be eligible for a refund, all of the following conditions must be met:
1. The purchaser must bring the goods out of the country within three months of the purchase.
2. The purchase price of the goods, including VAT, must be at least ISK 12,000.
3. On departure, the goods must be presented together with the requisite documentation.
VAT may be refunded on goods on the same receipt if their total purchase price is ISK 12,000 or more, including VAT, even if one or more single items do not reach the minimum amount.
On departure from Iceland through Keflavik Airport, the purchaser must present the goods together with the completed Tax Free form and receipt to the tax refund service provider, which will carry out the refund provided that the conditions set out in the Regulation are met in other respects.