AZ · AsiaIS · Europe
Azerbaijan vs Iceland: tax rates compared
Between the two, Iceland's income tax rate (46.3%) tops Azerbaijan's (25%) by 21.3pp. The 200-country average is 28%: Azerbaijan sits below it, Iceland sits above it. Azerbaijan's figure is dated 2026-01-09 and Iceland's 2025-01-01, so the two rates come from different data vintages.
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 | AZ | IS | Difference |
|---|---|---|---|
| Income Tax | 25% | 46.3% | IS +21.3 pplargest gap |
| Corporate Tax | 20% | 20% | match |
| VAT | 18% | 24% | IS +6 pp |
| Capital Gains Tax | 14% | 22% | IS +8 pp |
| Crypto Tax | 14% | 22% | IS +8 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 25% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Taxes on personal income) · as of 2026-01-09 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −21.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 20% | 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 | 0 pp | displayed rates match |
There's no gap here — Azerbaijan and Iceland both post a corporate tax rate of 20%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 18% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Corporate, Other taxes) · as of 2026-01-09 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −6 pp | Iceland higher |
Between the two, Iceland's VAT rate (24%) tops Azerbaijan's (18%) by 6pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 14% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Taxes on personal income) · as of 2026-01-09 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −8 pp | Iceland higher |
Between the two, Iceland's capital gains tax rate (22%) tops Azerbaijan's (14%) by 8pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 14% | Source: Azerbaijan State Tax Service — Suallar və cavablar (Questions and Answers), Q.10955 · as of 2026-06-30 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −8 pp | Iceland higher |
Between the two, Iceland's crypto tax rate (22%) tops Azerbaijan's (14%) by 8pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Azerbaijan | 0% | Source: PWC Worldwide Tax Summaries — Azerbaijan (Individual, Other taxes) · as of 2026-01-09 |
| 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 — Azerbaijan and Iceland both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.