BJ · AfricaIS · Europe
Benin vs Iceland: tax rates compared
Iceland has an income tax rate of 46.3%, 16.3pp above Benin's 30%. The 200-country average is 28%: both sit above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BJ | IS | Difference |
|---|---|---|---|
| Income Tax | 30% | 46.3% | IS +16.3 pp |
| Corporate Tax | 30% | 20% | BJ +10 pp |
| VAT | 18% | 24% | IS +6 pp |
| Capital Gains Tax | 5% | 22% | IS +17 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Benin | 30% | Source: Direction Générale des Impôts, Ministère de l'Économie et des Finances (Bénin) — Code Général des Impôts 2025 · as of 2025-01-01 |
| Iceland | 46.3% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −16.3 pp | Iceland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Benin | 30% | 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 | +10 pp | Benin higher |
Benin has a corporate tax rate of 30%, 10pp above Iceland's 20%. The 201-country average is 22.6%: Benin sits above it, Iceland sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Benin | 18% | Source: Direction Générale des Impôts, Ministère de l'Économie et des Finances (Bénin) — Code Général des Impôts 2025 · as of 2025-01-01 |
| Iceland | 24% | Source: PWC Worldwide Tax Summaries — Iceland (Corporate, Other taxes) · as of 2026-06-22 |
| Difference | −6 pp | Iceland higher |
Iceland has a VAT rate of 24%, 6pp above Benin's 18%. The 181-country average is 15%: both sit above it. Benin's figure is dated 2025-01-01 and Iceland's 2026-06-22, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Benin | 5% | Source: Direction Générale des Impôts, Ministère de l'Économie et des Finances (Bénin) — Code Général des Impôts 2025 · as of 2025-01-01 |
| Iceland | 22% | Source: Skatturinn (Iceland Revenue and Customs) — Key rates and amounts 2026 · as of 2026-01-01 |
| Difference | −17 pp | Iceland higher |
Iceland has a capital gains tax rate of 22%, 17pp above Benin's 5%. The 175-country average is 10.3%: Benin sits below it, Iceland sits above it. Benin's figure is dated 2025-01-01 and Iceland's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Benin | 0% | Source: Bénin — Code Général des Impôts 2025 (Ministère de l'Économie et des Finances) · as of 2026-07-18 |
| Iceland | 0% | Source: PWC Worldwide Tax Summaries — Iceland (Individual, Other taxes) · as of 2026-06-22 |
| Difference | 0 pp | displayed rates match |
Benin and Iceland share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.