How much import duty and VAT on a BYD Seal 05 DM-i in Iceland?

Taxes and fees total about $8,102 on a CIF value of $18,247: Import duty 0% (China–Iceland FTA, certificate of origin required) $0, Excise vörugjald 8.5% (40 g/km, default value, replace with the certified figure) $1,551, VAT 24% $4,751, Single-vehicle approval + customs + port $ ⚠ $1,500, Registration + plates + recycling fee $ ⚠ $300.

What is the landed (DDP) price of a BYD Seal 05 DM-i in Iceland?

About $26,799 per car at a reference ex-works price of $ — see the breakdown above; use the calculator with your own price.

Who handles shipping and customs?

LandedCar buys the car from the Chinese dealer and handles export to CIF at your port; customs clearance and registration are done by you or by a provider you choose from the directory.

← Importing a car from China to Iceland: full landed-cost guide 2026

BYD Seal 05 DM-i to Iceland: what it costs landed

Reference ex-works price $10,815 (EXW, new car). Below: every step from the dealer's yard to a registered car in Iceland, computed by our rules engine — sources and verification dates included.

$26,799DDP delivered duty paid · per car· CIF $18,247· Sea/land freight reference $6000 per car

Cheaper per car when several ship together — quoted per order

Ex-works price	$10,815
+ Export handling (arranged by LandedCar)	$1,341
= FOB	$12,156
+ Freight & insurance (insurance 0.5%)	$6,091
CIF · per car	$18,247
+ Inland transport in destination	$100
DAP · per car	$18,347
+ Import duty 0% (China–Iceland FTA, certificate of origin required)	$0
+ Excise vörugjald 8.5% (40 g/km, default value, replace with the certified figure)	$1,551
+ VAT 24%	$4,751
+ Single-vehicle approval + customs + port $ ⚠	$1,500
+ Registration + plates + recycling fee $ ⚠	$300
= Landed costs total	$8,102
+ Service fee (LandedCar)	$350
DDP delivered duty paid · per car	$26,799

Recalculate with your own price → Reference price — change it in the calculator

Can this car get in?

• Who can import: Individuals and companies may import
• No EU COC → individual vehicle approval
• Glass light transmission ≥70%, EU-spec headlights

Rules and sources

Iceland is outside the EU customs union: the EU countervailing duty on Chinese BEVs does not apply; under the China–Iceland FTA Chinese-origin cars are duty-free (certificate of origin required). VAT 24% (on landed value + excise) ↗ official 2026-09-20
Vehicle excise (vörugjald, Act 29/1993 art. 3, from 2026-01-01): 0.34% per gram of WLTP CO₂ above 15 g/km, maximum 70%; cars powered only by electricity, hydrogen or methane are exempt ↗ official 2026-09-20
From 2026-01-01 all passenger cars pay a road charge of ISK 6.95 per km (a running cost, not charged at import) ↗ official 2026-09-20
As an EEA member Iceland requires EU type approval; Chinese-spec cars without a COC need single-vehicle approval by Samgöngustofa before registration ↗ official 2026-09-20

Outside the EU customs union, so the EU's 17–35% countervailing duty on Chinese EVs does not apply; Chinese-origin cars are duty-free. Excise follows CO₂: BEVs exempt, PHEV / range-extender default to 40 g/km (about 8.5%), petrol defaults to 150 g/km (about 46%, maximum 70%); VAT 24%. For a BEV, Iceland is one of the lowest-taxed destinations in Europe; petrol cars rarely make sense. Sea freight usually transships via Rotterdam, so it is on the high side.

Want this car? Send a request — LandedCar will find one and quote you

Send request Share on WhatsApp

BYD Seal 05 DM-i in other countries

Other models to Iceland

Indicative figures: exchange rates, freight and tax rules change; what customs actually charges and the quote LandedCar confirms prevail. Free and not a basis for refunds or claims — see Terms.