AT · EuropeIS · Europe
Austria vs Iceland: tax rates compared
Between the two, Austria's income tax rate (55%) tops Iceland's (46.3%) by 8.7pp. The 200-country average is 28%: both sit above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AT | IS | Difference |
|---|---|---|---|
| Income Tax | 55% | 46.3% | AT +8.7 pplargest gap |
| Corporate Tax | 23% | 20% | AT +3 pp |
| VAT | 20% | 24% | IS +4 pp |
| Capital Gains Tax | 27.5% | 22% | AT +5.5 pp |
| Crypto Tax | 27.5% | 22% | AT +5.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Austria | 55% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +8.7 pp | Austria higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Austria | 23% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Iceland | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Austria higher |
Between the two, Austria's corporate tax rate (23%) tops Iceland's (20%) by 3pp. The 201-country average is 22.6%: Austria sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Austria | 20% | Source: PWC Worldwide Tax Summaries — Austria (Corporate, Other taxes) · as of 2026-03-11 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −4 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Austria's (20%) by 4pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Austria | 27.5% | Source: PWC Worldwide Tax Summaries — Austria (Individual, Income determination) · as of 2026-01-29 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | +5.5 pp | Austria higher |
Between the two, Austria's capital gains tax rate (27.5%) tops Iceland's (22%) by 5.5pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Austria | 27.5% | Source: Bundesministerium für Finanzen (Austria) — Steuerliche Behandlung von Kryptowährungen · as of 2026-01-01 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | +5.5 pp | Austria higher |
Between the two, Austria's crypto tax rate (27.5%) tops Iceland's (22%) by 5.5pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Austria | 0% | Source: PWC Worldwide Tax Summaries — Austria (Individual, Other taxes) · as of 2026-01-29 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Austria and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.