BE · EuropeIS · Europe
Belgium vs Iceland: tax rates compared
Belgium has an income tax rate of 52.7%, 6.4pp above Iceland's 46.3%. 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 | BE | IS | Difference |
|---|---|---|---|
| Income Tax | 52.7% | 46.3% | BE +6.4 pp |
| Corporate Tax | 25% | 20% | BE +5 pp |
| VAT | 21% | 24% | IS +3 pp |
| Capital Gains Tax | 10% | 22% | IS +12 pplargest gap |
| Crypto Tax | 10% | 22% | IS +12 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 52.7% | 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 | +6.4 pp | Belgium higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 25% | 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 | +5 pp | Belgium higher |
Belgium has a corporate tax rate of 25%, 5pp above Iceland's 20%. The 201-country average is 22.6%: Belgium sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belgium | 21% | Source: PWC Worldwide Tax Summaries — Belgium (Corporate, Other taxes) · as of 2026-02-13 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −3 pp | Iceland higher |
Iceland has a VAT rate of 24%, 3pp above Belgium's 21%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 10% | Source: KPMG TaxNewsFlash — Belgium: New capital gains tax approved by Parliament · as of 2026-01-01 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −12 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 12pp above Belgium's 10%. The 175-country average is 10.3%: Belgium sits below it, Iceland sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 10% | Source: PwC Belgium — Belgium's comprehensive capital gains tax changes: key updates and implications starting January 2026 · as of 2025-12-19 |
| Iceland | 22% | Source: Skatturinn (Icelandic Revenue and Customs) — Rafmynt (Cryptocurrency) · as of 2026-07-19 |
| Difference | −12 pp | Iceland higher |
Iceland has a crypto tax rate of 22%, 12pp above Belgium's 10%. The 88-country average is 13%: Belgium sits below it, Iceland sits above it. Belgium's figure is dated 2025-12-19 and Iceland's 2026-07-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 0% | Source: PWC Worldwide Tax Summaries — Belgium (Individual, Other taxes) · as of 2026-02-13 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Belgium and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.