Iceland: what is the corporate tax rate?

20%. That is the headline rate, the one ordinary companies pay.

Iceland: what is the income tax rate?

0% to 46%. Depending on the country, a flat rate or a progressive scale.

FiScore 3.7 out of 10, ranked 189th of 217: heavier than the world average.

Iceland vs World average Compare another country

Corporate 20% · Personal 0% to 46% · VAT 24% · ISK

FiScore

189th Light Heavy

Corporate income taxheadline rate

20%

20.8%

−0.8points

Personal income taxtop bracket

46%

17%

+29.0points

VATstandard rate

24%

14%

+10.0points

This page is not written yet. The rates shown come from our official records.